Post by account_disabled on Mar 5, 2024 23:53:23 GMT -7
On Wednesday last week, May th, the Federal Revenue announced, through its Inspection Subsecretariat, that this month it will intensify tax actions aimed at identifying errors, omissions and other events carried out by companies in their declarations that result in lower payment of taxes or tax evasion. Despite the Tax Authority's objective that the measure extends to all companies, at first only legal entities that declare Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL) will be alerted regarding possible irregularities. , with annual gross revenue of up to R$ million.
Allegations of irregularities in financed projects are investigated by the Integrity Vice Presidency (INT), which is an independent unit in relation to other areas of the World Bank. In cases where sufficient evidence of irregularities is found, INT prepares a statement of accusations (Statement of Accusations and Evidence — SAE) detailing the sanctionable practices attributed to the individuals and/or companies involved. This document is sent for analysis by the Department of Suspension and Debarment ( Office of Suspension and Debarment — “OSD”), which is the first instance of the sanctioning process.
Similar to the procedure adopted in relation to individuals – who are notified and have the right to correct errors pointed out by the Tax Authorities in their statements via the internet – companies whose statements indicate BTC Number Data discrepancies will receive correspondence from the Federal Revenue, so that, if they confirm the mistakes appointed by the Tax Authorities, make the necessary correction, which must be made by rectifying their declarations. Once the tax or difference in tax due has been determined, the debts may be paid or paid in installments with interest and a % late payment fine.
The procedure, called “self-regularization”, which will precede the effective inspection of companies, aims to minimize the damage caused to public coffers by tax evasion and underpayment of taxes. The Federal Revenue alerts companies selected for regularization regarding the advantage of opting for immediate regularization: in a common inspection procedure, the fine imposed by the Tax Authorities can vary from % to % of the amount due, without prejudice to possible criminal consequences, arising the characterization of crimes against the tax order, provided for by Law ,/
Once selected, or “on the Tax Authority's radar”, as exemplified by the Federal Revenue Undersecretary of Inspection, companies must analyze the correspondence received with great caution, without dispensing with the help of specialized legal advice, so that they can confirm whether, in fact, the irregularities pointed out by the Tax Authorities are present in the information provided through the declarations. It is only based on the results of this analysis that the best path to defending taxpayers' interests can be traced, always prioritizing legal guidelines.
Allegations of irregularities in financed projects are investigated by the Integrity Vice Presidency (INT), which is an independent unit in relation to other areas of the World Bank. In cases where sufficient evidence of irregularities is found, INT prepares a statement of accusations (Statement of Accusations and Evidence — SAE) detailing the sanctionable practices attributed to the individuals and/or companies involved. This document is sent for analysis by the Department of Suspension and Debarment ( Office of Suspension and Debarment — “OSD”), which is the first instance of the sanctioning process.
Similar to the procedure adopted in relation to individuals – who are notified and have the right to correct errors pointed out by the Tax Authorities in their statements via the internet – companies whose statements indicate BTC Number Data discrepancies will receive correspondence from the Federal Revenue, so that, if they confirm the mistakes appointed by the Tax Authorities, make the necessary correction, which must be made by rectifying their declarations. Once the tax or difference in tax due has been determined, the debts may be paid or paid in installments with interest and a % late payment fine.
The procedure, called “self-regularization”, which will precede the effective inspection of companies, aims to minimize the damage caused to public coffers by tax evasion and underpayment of taxes. The Federal Revenue alerts companies selected for regularization regarding the advantage of opting for immediate regularization: in a common inspection procedure, the fine imposed by the Tax Authorities can vary from % to % of the amount due, without prejudice to possible criminal consequences, arising the characterization of crimes against the tax order, provided for by Law ,/
Once selected, or “on the Tax Authority's radar”, as exemplified by the Federal Revenue Undersecretary of Inspection, companies must analyze the correspondence received with great caution, without dispensing with the help of specialized legal advice, so that they can confirm whether, in fact, the irregularities pointed out by the Tax Authorities are present in the information provided through the declarations. It is only based on the results of this analysis that the best path to defending taxpayers' interests can be traced, always prioritizing legal guidelines.