Find out what types of taxes are
Feb 22, 2024 2:54:14 GMT -6
Post by asadul5585 on Feb 22, 2024 2:54:14 GMT -6
Currently, there are five types of taxes in Brazil: three classified by the National Tax Code, which are taxes, fees and improvement contributions; and two categorized by the Federal Constitution, which are compulsory loans and special contributions. Even if you have excellent accounting to provide all the necessary tax support for your business, it is important to know how to distinguish and have a general understanding of the characteristics of existing taxes. What is tribute Let's start with a fundamental definition. According to article 3 of the National Tax Code : “Tax is any compulsory pecuniary payment, in currency or whose value can be expressed therein, that does not constitute a sanction for an illicit act, established by law and collected through fully linked administrative activity.” Translated, tax is any monetary contribution imposed by the government by law on people and companies, and which needs to be paid on products, goods and services, whether this tax is municipal, state or federal. This is what creates for entrepreneurs, for example, the need to issue documents such as tax assessments.
The purpose of paying any tax is to cover government expenses, be it health, education, infrastructure, culture, in short, everything that the State is responsible for managing. Thus, there are taxes charged by municipalities, states and the country. Therefore, these three spheres can charge people and companies payments to fulfill the purposes mentioned above, in accordance with tax law. E-book achieving zero default Classification and types of taxes At the beginning of this article, we discussed how taxes are divided in Kuwait Mobile Number List Brazil: taxes, fees, improvement contributions, compulsory loans and special contributions. Always keep this division in mind when thinking about the existing tax types. From them, it is possible to better understand where our taxes go. 1. Taxes As the name suggests, it is a tax imposed by the government as an obligation. That's why, when we don't pay these taxes properly, we can suffer punishments or fines. Examples of municipal taxes are the Urban Property and Territorial Tax (IPTU) and the Service Tax (ISS). Regarding state taxes, we have the Motor Vehicle Ownership Tax (IPVA) and the Tax on the circulation of goods and services (ICMS).
As for the federal ones, we can mention the Corporate Income Tax (IRPJ) and the Tax on Financial Operations (IOF). 2. Fees These are tax types charged to pay for services provided by public bodies. Good examples of this are public lighting, general inspections and garbage collection. There is no tax to charge us for these services, but a fee, charged within a bill, as in the case of public lighting - which comes within the monthly energy bill - or garbage collection, which appears in the IPTU. 3. Improvement contributions This type of tax can be requested by the Public Authority - which involves the federal government, states and municipalities, in two situations: to carry out a public work; It is for the real estate appreciation resulting from this work. If only one of these situations occurs, it is not considered an improvement contribution. In other words, it is mandatory that both situations occur for us to be faced with this type of tax. The purpose of this tax is simply to pay for public works.
The purpose of paying any tax is to cover government expenses, be it health, education, infrastructure, culture, in short, everything that the State is responsible for managing. Thus, there are taxes charged by municipalities, states and the country. Therefore, these three spheres can charge people and companies payments to fulfill the purposes mentioned above, in accordance with tax law. E-book achieving zero default Classification and types of taxes At the beginning of this article, we discussed how taxes are divided in Kuwait Mobile Number List Brazil: taxes, fees, improvement contributions, compulsory loans and special contributions. Always keep this division in mind when thinking about the existing tax types. From them, it is possible to better understand where our taxes go. 1. Taxes As the name suggests, it is a tax imposed by the government as an obligation. That's why, when we don't pay these taxes properly, we can suffer punishments or fines. Examples of municipal taxes are the Urban Property and Territorial Tax (IPTU) and the Service Tax (ISS). Regarding state taxes, we have the Motor Vehicle Ownership Tax (IPVA) and the Tax on the circulation of goods and services (ICMS).
As for the federal ones, we can mention the Corporate Income Tax (IRPJ) and the Tax on Financial Operations (IOF). 2. Fees These are tax types charged to pay for services provided by public bodies. Good examples of this are public lighting, general inspections and garbage collection. There is no tax to charge us for these services, but a fee, charged within a bill, as in the case of public lighting - which comes within the monthly energy bill - or garbage collection, which appears in the IPTU. 3. Improvement contributions This type of tax can be requested by the Public Authority - which involves the federal government, states and municipalities, in two situations: to carry out a public work; It is for the real estate appreciation resulting from this work. If only one of these situations occurs, it is not considered an improvement contribution. In other words, it is mandatory that both situations occur for us to be faced with this type of tax. The purpose of this tax is simply to pay for public works.