Taxes for companies are unavoidable , as they represent the financial contribution that businesses must make to the State, financing the provision of public services and the socioeconomic development of the country.
Therefore, check out this article to find out which are the main taxes your company must pay, highlighting their importance, the types of taxation that exist and some legal strategies to minimize your tax burden. Keep reading!
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How important is taxation for companies?
Failure to pay taxes owed by the company can lead to a series of risks and negative consequences, both for the business and for its partners and managers.
Below, see some of the main risks vietnam whatsapp number data with tax default:
- Fines and interest: failure to pay taxes corporate taxes through results in the application of fines and interest on the amount due. These charges can significantly increase the amount to be paid by the company, compromising its financial health;
- Legal penalties: may result in other legal penalties, such as the imposition of restrictive measures, protest of the debt in a notary’s office, inclusion of the company’s name in debtor registries and even legal action taken by the Tax Authorities to collect debts;
- Loss of tax benefits: loss of the right to tax benefits, government incentives and special tax regimes, such as Simples Nacional;
- Blocking of activities: in extreme cases, this may lead to the blocking of the company’s activities, through the suspension of its commercial activities, the cancellation of its state and municipal registrations and even the revocation of its authorization to issue invoices ;
- Personal liability of partners: In some situations, partners and directors may be held personally liable for unpaid tax debts. This means that their personal assets may be put at risk to pay off the company’s debts.
What are the main corporate taxation models?
Taxation models are different ai ching goh from piktochart or systems adopted by governments to calculate and collect taxes owed by companies and individuals. Some examples are: Real Profit and Presumed Profit .
Each taxation model has its own rules, rates and calculation methods , and the choice of tax regime can have a major impact on a company’s finances and operations.
Here are some of the most common corporate taxation models:
Simple National
Simples Nacional is a simplified and unified tax regime. Created to facilitate the payment of taxes by micro and small companies.
It brings together cyprus business directory federal. State and municipal taxes in a single payment slip, such as IRPJ and CSLL . See other examples:
- Corporate Income Tax (IRPJ);
- Social Contribution on Net Profit (CSLL);
- Social Integration Program (PIS);
- Contribution to Social Security Financing (COFINS);
- Tax on the Circulation of Goods and Services (ICMS);
- Service Tax (ISS) and Employer Social Security Contribution (CPP).