Tax Planning

It is well known that taxes (taxes, fees and contributions) represent an important part of the company’s costs, if not more. With the globalization of the economy, the correct administration of the tax burden became a matter of business survival. Ultracomex offers its clients that operate with Import of goods the best tax solution for import in any state of the federation and independently of the tax system.

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Currently, the main challenge facing companies is directly related to the rise in the cost of Brazil and the high complexity of our tax system. In this sense, knowing the legislation and working on the company’s strategic tax planning is one of the differentials that can result in reducing the tax burden or, even, guaranteeing the survival of the company. Managing taxes effectively has become, more than ever, essential.

Tax planning has become a strong tool for reducing costs in Brazilian companies, since the representativeness of taxes on corporate income is high. According to IBPT (Brazilian Institute of Tax Planning), in Brazil, 33% of corporate income, on average, is directed to the payment of taxes. Only Income Tax and Social Contribution on Profit may represent 51.51% of the net income calculated. As if that were not enough, taxes represent more than half the amount of costs and expenses of business activity.
For companies operating in the import segment, tax planning becomes even more necessary because there are several factors that can influence the taxation of a given product: locality of the importing company, port used for import and even the product itself. In this scenario, the use of a tax planning that allows a smart and efficient importation in search of greater competitiveness with the use of the maximum benefits provided by law is of fundamental importance.
It is important that the tax planning of a company be made before its foundation and reassessed annually, because at the beginning of each year it is possible to change the tax regime that the company is framed. The existing tax regimes in Brazil are: Simple, Presumed Profit, Real and Arbitrated Profit.
The analysis of this decision must be made entirely interconnected with the business of the company, since the businessman who analyzes the importing company must consider that the competitiveness of its products in the Brazilian market will suffer direct influences of the taxation incident.
Following in the analysis of an import company, the entrepreneur must put in the scale the presumed profit regime and real profit. If the option is for the presumed profit, this company will obtain in an import the credit of the IPI and ICMS that can be used from the sale. However, the company will not use the PIS / COFINS loan, since in this scheme these two taxes are cumulative.
For this company to opt for the real profit, the entrepreneur must consider the amount of expenses that he has conditions to launch during the period, because with his name already says, the government will apply the rates of 15% of IR and 9% for CSLL on the company’s actual profit.
Therefore, for a better cost efficiency in this stage of tax planning, it is interesting to compare the company’s real profit margin with the margin that would be presumed by the government in the presumed profit. If the profit margin for the actual profit is higher than assumed, the best option will be the presumed profit, but if the opposite occurs, the best should be the actual profit. In addition, it should also be considered that in the real profit, unlike the presumed, there is the credit of PIS and COFINS, besides the IPI and ICMS.
In import tax planning, it is also advisable to study the location of the company, to maximize the benefits allowed, or even better use of the credits obtained in the purchase.
In this way tax planning can be considered one of the main factors of success within a company, especially in institutions that operate in the import market, since the influence of taxes on the price of the product is extremely significant, and is part of the daily routine of Brazilian entrepreneurs who must be attentive to the credits obtained in the import to better manage their business and not allow the loss of competitiveness.
In addition to the strategic care that must be taken in the management of importing companies, tax knowledge on foreign trade professionals is of fundamental importance, especially for entrepreneurs and decision-making occupants, otherwise all possible gains in operation may be wasted by tax planning that does not take into account all the necessary tax aspects.

REFERENCES:

TAX PLANNING ON IMPORTS. Available at: <http://www.administradores.com.br/artigos/negocios/planning-tributario-na-importacao/51007/>