Post by asadul5585 on Feb 22, 2024 3:55:45 GMT -5
Defining the ideal tax regime for your business is essential, as a wrong choice can generate unnecessary expenses and even future complications with the IRS. One of the existing tax regimes in Brazil is presumed profit. To know if it is right, you must analyze factors such as company size, area of activity and revenue. Therefore, if you are an entrepreneur, it is necessary to know the basic concepts of each existing tax regime and, with the help of competent accounting, decide which modality is the most suitable for your company. What is presumed profit There are three tax regimes in which you can classify your business, depending on the size and revenue of your company: Simples Nacional, Real Profit and Presumed Profit.
Below we will talk about each one to help you maintain controlled financial management . The Simples Nacional regime is ideal for Microenterprises (ME), which have a turnover of up to R$360 thousand per year, and Small Businesses (EPP), which earn up to R$4.8 million per year. These companies can choose Simples Nacional because it facilitates the collection of all taxes, with the issuance of just one guide, in which the taxes will be unified. Difference between Actual and Presumed Profit While the real profit is Kuwait Mobile Number List determined based on the accounting profit of companies that have a turnover of up to R$78 million per year or R$6.5 million per month (when the fiscal year is less than 12 months), the presumed profit can be used by any company, just observing the basic rule that the business does not have revenues greater than R$78 million per year. The presumed profit is simplified to determine the calculation basis for Corporate Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL), so that taxes can be collected according to the company's estimated profits in a given period, that is, it is not based on the actual profit obtained.
This estimate is made using some characteristics, such as revenue and expenses with raw materials, for example. E-book achieving zero default Types of businesses that fall under Presumed Profit Rural activity Trade in products or merchandise Construction Liberal professionals, such as administrators, lawyers, consultants, accountants, dentists, economists, engineers, journalists and doctors Hospital services Conveyors Charge transport Remembering that revenue cannot exceed R$78 million annually and that the choice for this regime needs to happen when the business starts , as the regime can only be changed once a year, at the beginning of the next fiscal year. Other presumed profit taxes In addition to IRPJ and CSLL, PIS/COFINS (Contribution for Social Security Financing) and ISS (Tax on Services of Any Nature) or ICMS (Tax on Circulation of Goods and Services) are also charged. PIS/COFINS is a federal contribution that is levied on the gross revenue of companies in general. It is intended to finance social security, which comprises social security, health and social assistance. The ISS is a municipal tax, while the ICMS is a state tax, whose values are used by cities and states for the most diverse investments in health, infrastructure and education, for example.
Below we will talk about each one to help you maintain controlled financial management . The Simples Nacional regime is ideal for Microenterprises (ME), which have a turnover of up to R$360 thousand per year, and Small Businesses (EPP), which earn up to R$4.8 million per year. These companies can choose Simples Nacional because it facilitates the collection of all taxes, with the issuance of just one guide, in which the taxes will be unified. Difference between Actual and Presumed Profit While the real profit is Kuwait Mobile Number List determined based on the accounting profit of companies that have a turnover of up to R$78 million per year or R$6.5 million per month (when the fiscal year is less than 12 months), the presumed profit can be used by any company, just observing the basic rule that the business does not have revenues greater than R$78 million per year. The presumed profit is simplified to determine the calculation basis for Corporate Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL), so that taxes can be collected according to the company's estimated profits in a given period, that is, it is not based on the actual profit obtained.
This estimate is made using some characteristics, such as revenue and expenses with raw materials, for example. E-book achieving zero default Types of businesses that fall under Presumed Profit Rural activity Trade in products or merchandise Construction Liberal professionals, such as administrators, lawyers, consultants, accountants, dentists, economists, engineers, journalists and doctors Hospital services Conveyors Charge transport Remembering that revenue cannot exceed R$78 million annually and that the choice for this regime needs to happen when the business starts , as the regime can only be changed once a year, at the beginning of the next fiscal year. Other presumed profit taxes In addition to IRPJ and CSLL, PIS/COFINS (Contribution for Social Security Financing) and ISS (Tax on Services of Any Nature) or ICMS (Tax on Circulation of Goods and Services) are also charged. PIS/COFINS is a federal contribution that is levied on the gross revenue of companies in general. It is intended to finance social security, which comprises social security, health and social assistance. The ISS is a municipal tax, while the ICMS is a state tax, whose values are used by cities and states for the most diverse investments in health, infrastructure and education, for example.