Maintaining a company's tax compliance is essential to avoid problems during audits. Tax and accounting obligations vary according to the tax regime adopted and the type of activity carried out by the business. Meeting these requirements ensures compliance with legislation and reduces operational risks.
To better understand, it's important to know the different tax regimes, such as Actual Profit, Presumed Profit, Simples Nacional (Simplified National Tax Regime), and MEI (Individual Microentrepreneur). After this understanding, it's possible to delve deeper into the main tax and accounting obligations that every company must follow to maintain its activities legally and in an organized manner.
What are tax obligations and why are they important?
Tax obligations are the duties that companies must fulfill with the government, such as paying taxes, submitting tax returns, and issuing tax documents. Failure to comply with these obligations can result in fines, interest, and even the company being listed as delinquent taxpayers, which hinders access to credit and can compromise the business's reputation.
Some of the main tax obligations include:
– Corporate Income Tax (IRPJ): a federal tax levied on company profits;
– Social Contribution on Net Profit (CSLL): a federal contribution earmarked for financing Social Security;
– Social Integration Program (PIS): a federal contribution intended to finance the payment of unemployment insurance and the salary bonus;
– Contribution to Social Security Financing (COFINS): a federal contribution earmarked for financing Social Security;
– Tax on Industrialized Products (IPI): a federal tax levied on industrialized products;
– Tax on the Circulation of Goods and Services (ICMS): state tax levied on the circulation of goods and the provision of services;
– Tax on Services (ISS): municipal tax levied on the provision of services;
– Declarations: Declaration of Federal Tax Debits and Credits (DCTF), Digital Accounting Records (ECD), Digital Tax Records (EFD), among others;
– Issuance of Tax Invoices: Issuance of electronic tax invoices (NF-e) to document sales of goods and 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, integration with accounting systems and e-commerce platforms optimizes time and reduces the risk of errors.
Tips for efficient tax management
It is crucial that companies understand their tax obligations, identifying all requirements applicable to their sector and staying updated on any changes in legislation. Organizing tax and accounting documents is also essential, ensuring they are always accessible for consultation and audits.
The use of technology can facilitate tax management through software that automates processes and improves fiscal control. Furthermore, having the guidance of an accountant or tax consultant contributes to legal compliance and risk reduction. Finally, a well-structured tax plan allows for optimizing the tax burden and avoiding unforeseen financial problems.
