Every year, all companies need to declare a series of taxes such as the Income Tax for Legal Entities (IRPJ). This year, IRPJ taxes can already be delivered and their deadlines vary between May 31st and July 31st. It is very important to pay attention to the dates for submitting the statements to avoid fines, after all, all legal entities must always comply with tax obligations.
The Income Tax is a tax levied on the income and earnings of Brazilian taxpayers, both individuals and legal entities. In the case of legal entities, Income Tax is a mandatory tax levied on the profits made by the company in a given period. The tax is due by all legal entities (IRPJ), including companies, societies, cooperatives, financial institutions and other legal entities that carry out business activities.
“To calculate the Income Tax due, the Legal Entity must calculate its actual profit, which is the accounting result for the period, adjusted by the additions, exclusions and compensations provided for in the tax legislation”, explains Silvio P. Pacheco Santos, Products Coordinator at Online Applications.
It is important to remember that non-payment or late payment of taxes may result in fines and interest. Depending on the tax regime in which the company is located, the calculation can be carried out in different ways.
Taxes for companies Real, Presumed and Arbitrated Profit: IRPJ
Companies taxed by actual profit, presumed profit or arbitrated profit need to submit two declarations related to Income Tax: the Tax Accounting Bookkeeping (ECF) and the Digital Accounting Bookkeeping (ECD).
the delivery of Tax accounting bookkeeping (ECF) is scheduled for the last business day of July of the previous year of bookkeeping in the Public Digital Bookkeeping System environment (Sped).
A Digital Accounting Bookkeeping, better known as ECD, is a transmission file created for tax and social security purposes, in which all details of the entry of the daily book, ledger, trial balances, balance sheets and other financial statements of active companies in the country are displayed. The ECD is an important obligation both for companies and for the government, as it allows accounting information to be shared with the Federal Revenue Service. According to Silvio Pacheco, the following are obliged to deliver the annual accessory obligation:
- Actual profit: all companies;
- Presumed profit: ECD is mandatory for companies that have not opted for the Cash Book or distributed exempted profit above the presumed.
Silvio Pacheco also points out that Digital Accounting Bookkeeping (ECD) is one of the components of SPED Accounting, being mandatory for companies, and it is a transmission file. Companies that fall under Simples Nacional do not need Bookkeeping. The ECD must be delivered by May 31 and corresponds to the calendar year 2022.
In short, the Income Tax for legal entities is a mandatory tax levied on the profits made by the company in a given period. Companies should be aware of the rules and ancillary obligations related to Income Tax to avoid problems with the Federal Revenue Service. Not counting the other tax obligations present in the Tax Schedule.
Obligations for Simples Nacional companies
Companies that qualify as Simples Nacional need to prepare to submit two statements by May 2023: the Annual Statement of Billing for Simples Nacional and the Statement of Socioeconomic and Tax Information.
A Simples Nacional Annual Billing Statement (DASN-SIMEI). It is mandatory and must be sent even if the MEI did not have revenue during the year. If the MEI does not deliver the declaration, it will be subject to a fine of up to 20% of the declared taxes.
DEFIS is the acronym forStatement of Socioeconomic and Tax Information. According to Silvio, “it is one of the obligations that companies opting for Simples Nacional must fulfill annually. Its purpose, as the name implies, is to inform the Federal Revenue of some economic, social and fiscal data of each organization”.
The Declaration of Socioeconomic and Tax Information (DEFIS) and the Simplified Annual Declaration for the Individual Microentrepreneur (DASN-SIMEI), normal situation, related to calendar year 2022, must be delivered by 05/31/2023.
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