Clipping of news on Brazilian Culture, Law and Citizenship
07/17/2014
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Documents will have to bring specified taxes which affect the final price like IPI, IOF, PIS / Pasep, COFINS, CIDE, ICMS and ISS Photo: Reproduction / O Globo
BRASILIA - The government has decided to extend by 60 days the validity of MP 649/14, published on June 5 last, which requires trade to disclose the amounts of federal, state and municipal embedded in the prices charged for goods and services taxes. The extension of the MP, published in the "Official Gazette", on Tuesday, states that the inspection will only character guidance by December 31. The penalties for establishments that do not discriminate on the invoice or in a conspicuous place or by other means embedded in the product price only taxes should begin to be implemented in 2015.
The standard states that the information must be included on own field or in the tax document "Supplementary Information" field. When are influencing the pricing of sale shall be informed as ICMS, ISS, IPI, IOF, PIS / Pasep, COFINS and Cide. The micro and small business referred to Supplementary Law No. 123 of 2006, opting National Simple may report only the rate at which they are subject under the scheme, provided that the increased percentage or amount estimated nominal title IPI tax replacement or previous tax incidence.
The MP 649 amends Law 12,741 of December 8, 2012, also called the Transparency Law, the result of mobilization occurred between trade associations across the country in 2007, which were able to gather 1.5 million signatures to lobby Congress to approve the bill 1.472/07, which provides a breakdown of taxes on the sale of goods and services.
Despite the guidelines, some points of MP remain undefined. The lawyer specializing in Consumer Law Office Siqueira Castro Advogados, Fábio Korenblum, notes that the MP has not defined clearly, for example, as the disclosure of tax incidence will be taken. The MP itself provides that information is transmitted in a note or Tax Code, by electronic means, by means of posters in stores, but does not define whether discrimination shall be made in amounts or percentage of the sale amount.
Koremblum notes, however, that the MP represents a breakthrough in terms of achievement for the company, in that it will allow greater transparency and show how much tax collection weighs in pricing everyday consumer. According to him, with this information, the company can mobilize more effectively in the elections for a better allocation of resources by governments.
According to the Brazilian Institute of Tax Planning (BIPT), over 90% of software developers in the country have already completed the necessary calculations to programs on approximately 17,000 products and services should specify the effect of taxes. Since the beginning of last year, the BIPT itself in its website (www.ibpt.org.br) already provides companies with the download rates to determine the approximate values incidents consumer taxes. Also according to the BIPT in printed documents, it is mandatory to display the approximate amount of taxes on real and percentage of the total sale, while the electronic media, these values can be broken down item by item.
Source: The Globe - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.