Clipping of news on Brazilian Culture, Law and Citizenship
10/05/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
As of June 10, should be identified seven taxes
In a month, all companies will have to inform the invoice the amount of taxes embedded in the price of goods and services purchased by consumers.
The law governing the obligation was published in the Official Gazette in December last year, but the stores will have until June 10 to adapt to the new rules.
From that date, shall be identified on the invoice seven taxes: IOF, IPI, PIS / Pasep, COFINS, Cide, ICMS and ISS. Who violate the law can be framed in the Consumer Protection Code (Law 8.078/90), which provides for penalties as fines, suspension and revocation of the activity license to operate.
The law is the result of a popular initiative that brought together approximately 1.56 million signatures collected by the national campaign Eye on Tax, Commercial Association of São Paulo.
According to the manager of Confirp Tax Consulting Accounting, Marcos Gomes with the law, the consumer will have a clearer vision of how to pay taxes on the purchase of each commodity.
- This enables the customer to require greater property rights. On the other hand, the complexity of the Brazilian tax system, there will be difficult for companies to provide such information.
According to Gomes, each product has its particularities in payment of taxes (depending on the calculation system adopted by the company), which means that adaptation is not so simple.
- We still have to wait for regulation to be made so that everything is clear.
Source: R7
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This article was translated by an automatic translation system, and was therefore not reviewed by people.