Brazil Extends Deadline for Specifying Taxes on Invoices

The Brazilian government has issued a Provisional Measure effective from June 12, 2013
 
SUNNYVALE, Calif. - Sept. 6, 2013 - PRLog -- The Brazilian government has issued a Provisional Measure effective from June 12, 2013, extending the cut-off date for mentioning the percentage wise break up of taxes on invoices and receipts, says Nair & Co. which provides international tax consulting (http://www.nair-co.com/indirect-taxes.aspx) for companies expanding overseas.

Brazil Extends Deadline to Specify Taxes on Invoices: Key Highlights

*  Companies operating in the country need to list on their invoices and receipts the amount of municipal, state and federal taxes charged for each product. Otherwise, the same information can be displayed on a panel in clear view within the business establishments.

*  This requirement was originally slated to come into force from June 2013. However, the new measure has extended the deadline and the obligation will now come in force from June 2014.

*  Non compliance would attract penalties in the form of fines, suspension and revocation of business licence, etc.

For more information about doing business overseas (http://www.nair-co.com/expanding-business-overseas.aspx) or to know more about our Global Regulatory compliance team please contact us (http://www.nair-co.com/global-offices.aspx).

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International Business Guide (IBG) (http://www.nair-co.com/ibg.aspx) is our online platform for companies wishing to optimize their multinational operations and would like to have specific business information for doing business in a particular country - Click Here (https://ibg.nair-co.com/).

Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair-co.com/newsandannoucement.aspx).

About Nair & Co.


Nair & Co. provides you with your one touch outsourced finance, HR, legal and global tax compliance department for your international operations. If you are expanding abroad for the first time or increasing your global footprint, our turnkey solutions help you do so with minimal risk, stress and cost. We support 1000+ client operations in over 56 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com

Read more on:Global HR Consulting Services (http://www.nair-co.com/international-business-services.aspx)
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