Maintaining the tax compliance of a company is essential to avoid issues during audits. Tax and accounting obligations vary according to the adopted tax regime and the type of activity carried out by the business. Meeting these requirements ensures compliance with legislation and reduces operational risks
To understand better, it is important to know the different tax regimes, as Actual Profit, Presumed Profit, Simples Nacional and MEI. After this understanding, it is possible to delve into the main tax and accounting obligations that every company must follow to keep its activities legal and organized
What are tax obligations and why are they important
Tax obligations are the duties that companies have to fulfill before the government, like the payment of taxes, the submission of declarations and the issuance of tax documents. Failure to comply with these obligations may result in fines, interest and even the registration of the company in the active debt, what hinders access to credit and can compromise the reputation of the business
Some of the main tax obligations include
– Corporate Income Tax (IRPJ): federal tax levied on the company's profit
– Social Contribution on Net Profit (CSLL): federal contribution aimed at financing Social Security
– Social Integration Program (PIS): federal contribution aimed at financing unemployment insurance payments and the salary bonus
– Contribution to the Financing of Social Security (COFINS): federal contribution aimed at financing Social Security
– Tax on Industrialized Products (IPI): federal tax levied on industrialized products
– Tax on Circulation of Goods and Services (ICMS): state tax levied on the circulation of goods and the provision of services
– Service Tax (ISS): municipal tax levied on the provision of services
– Declarations: Declaration of Federal Tax Debts and Credits (DCTF), Digital Accounting Bookkeeping (ECD), Digital Tax Accounting (EFD), among others
– Issuance of Invoicesissuance of electronic invoices(NF-e) to document the sale of goods and the provision of services
Technology as an ally in tax management
Technology has proven to be a great ally in the fiscal management of companies. Enterprise Resource Planning (ERP) systems automate processes, facilitate the issuance of invoices, generate accurate reports and ensure compliance with legislation. Furthermore, the integration with accounting systems and e-commerce platforms optimizes time and reduces the risk of errors
Tips for efficient tax management
It is essential for companies to know their tax obligations, identifying all applicable requirements for your sector and staying updated on possible changes in legislation. The organization of tax and accounting documents is also essential, ensuring that they are always accessible for consultations and audits
The use of technology can facilitate thetax management, through software that automates processes and improves tax control. Furthermore, counting on the guidance of an accountant or tax consultant contributes to legal compliance and risk reduction. Finally, a well-structured tax planning allows for optimizing the tax burden and avoiding financial surprises
