Brazil’s eInvoicing and electronic reporting measures are undergoing a major overhaul in 2018. Companies that are not already in compliance with the new eInvoicing schema,
These states are making the move away from free e-invoicing software for several reasons, including the sheer difficulty involved in managing technology capable of meeting
Currently, companies in Brazil must submit two separate types of invoices to the tax authority – product invoices (NFe) and service invoices (NFSe). Product invoices
NFe 4.0 Introduces Unprecedented Product Traceability NFe 4.0 ushers forth new requirements that make a new level of product tracking possible. Specifically, the SEFAZ, Brazil’s tax
Already known as a worldwide leader in technology-driven tax compliance, Brazil has announced several changes and additions to its requirements starting in 2017. These changes,
A Closer Look at NFe 4.0 Nota Fiscal (NFe) version 4.0 marks the first new release of Brazil’s e-invoicing schema in two years, and companies
When initiating an SAP Central Finance project, tax compliance should be at the forefront of the decision to aid companies in navigating the complexities of global tax laws.
The Sovos Business to Government Reporting solution allowed Brown-Forman to ease the burden of compliance from its IT team.
Sovos made multinational reporting simple for Sun Chemical, allowing it to consolidate its compliance efforts.
An underappreciated revolution is underway. More and more countries are requiring businesses to comply with a new model of tax reporting and compliance.
In 2008, Brazil adopted a clearance electronic invoicing model in which the country’s tax authority must receive and clear an invoice before a supplier can issue it to a payer. More than a decade later, the Brazilian tax administration’s digitization has evolved so much that other tax administrations call Brazil the Google of fiscal goods. Current regulations include electronic invoices for: supplies of goods (NF-e), services (NFS-e), transport services (CT-e), freight (MDF-e), SPED, REINF and, more recently, for the supply of electricity (NF3e). This document provides an overview of the mandates and regulations in Brazil.
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If you have the responsibility for VAT determination and tax reporting in Brazil as are part of your job description, you no doubt understand the levels of complexity involved in getting it right and ensuring VAT compliance.
Brazil has long been known for its diverse and rapidly changing regulatory environments. New tax laws are continuously being introduced and current laws are often amended without notice. For businesses trying to navigate this landscape it can be challenging, frustrating and even costly. Perhaps what is needed is a new approach to tax. This Ebook guides you through the process of transforming your approach to tax in Brazil.
This 11th edition report provides the most complete guide to global VAT and e-invoicing regulations and delivers strategic recommendations for businesses.
On October 14, 2019, the General Coordinator of Audits for the Federal Tax Administration in Brazil (Receita Federal), published Executive Ruling 55 revoking Version 2.0