Clipping of news on Brazilian Culture, Law and Citizenship
29/01/2013
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Tool created by GLOBE calculates income tax on the PLR with the new rules created by Plateau
Tax waiver approved by the government will release about R$ 1.4 billion to the economy, says Dieese
Exemption will reach about 95% of workers who earn profit sharing in Brazil today, says Dieese
RIO - About 800 000 workers this quarter begin receiving his fourteenth salary - is known as the participation in the profits distributed by companies to their employees - now with exemption or reduction in income tax. The benefit was granted at the end of the year by the federal government and came into force on January 1.
Under the new regulations, the Profit and Loss Account (PLR) of up to R$ 6000 and will be exempt from this amount, the tax is progressive, 7.5% to 27.5%, and made exclusively at source as the gain range of the benefit. The PLR was also considered exclusive taxation, ie, will not be added to the declaration of salary adjustment.
To facilitate the calculation of the amount of tax due to the new rules for the PLR, THE GLOBE created a tool, tested and approved by tax specialist Ilan Gorin, which automatically calculates how much the taxpayer who earns the benefit shall pay to the IRS this year.
According to data released by the Central Workers Union (CUT), based on projections from the Department of Statistics and Socioeconomic Studies (Dieese), with the change, a total of R$ 1.4 billion will be deducted in taxes. That is, the government will fail to raise that amount, which will go to the worker's pocket and can be used for consumption. The projection of the Plateau is that the tax waiver reach R$ 1.7 billion.
The survey took into account 2011 data for five sectors (banking, oil and gas, electric utilities and automakers) and found the average annual PLR received by them and the number of workers employed, registered in the Annual Social Information (Rais).
In the previous rule, discounts on PLR table were the same applied to employees. For her, for 2013, the tax exemption applies only to those earning up to R$ 1,710.18 monthly. With the creation of the new table and taxation of PLR exclusively at source, separate from other income, the benefit to the worker became greater.
To do the computation, one must find the rate in the table and multiply the value by the rate of RLP found. From that result, subtract the amount to deduct from the tax corresponding to the range of discount. If the PLF is paid in more than one installment, the income tax will be collected at all. At last, it appears the tax paid in the previous.
According to the editorial coordinator of IOB Folhamatic Edino Garcia, without considering possible discounts, who earns R$ 5000 in PLR, without the new rule, would be taxed at 27.5%. Soon his withholding would be R$ 584.42. Today, such a person would be in the range of exemption. For those who earn R$ 10,000, the withholding tax would rise to the old model R$ 1,959.42. In the new rule, that person would only withheld R$ 375, a savings of R$ 1,584.42, the simulation specialist.
- Collectively, the money will be injected into the economy with this exemption is considerable - says Garcia.
The unions approved the measure, discussed for about two years, but fought a total exemption from the PLR. José Silvestre Prado, coordinator Dieese Union Relations, believes that the exemption will reach about 95% of workers earning PLR today in Brazil. He points out that, for employees of automakers, for example, in which the benefit can represent three or four more wages, the exemption provides relief in the annual budget.
- The problem is that the bulk of PLR in Brazil is not as the law provides, by agreement between the company and the employee, with the consent of the union, and goals and based on defined criteria. Taking more structured companies in the industrial sector, the PLR is only called "hush".
He recalls that the benefit has a character that goes beyond pay an amount in relation to a goal fulfilled, involves stimulating competitiveness, worker identification with the company and even the accommodation of conflicts.
According to Dieese, the rules for the remuneration of the PLR were first established by the interim government in December 1994. Only in 2000, became law.
Read more about this topic in http://oglobo.globo.com/economia/isencao-do-ir-no-14-salario-vai-beneficiar-800-mil-trabalhadores-7429188#ixzz2JMWbAAJG
Source: The Globe - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.