Post by xyz3600 on Feb 25, 2024 7:31:40 GMT
The state of Rio de Janeiro is facing one of the biggest economic crises in its history. Workers in the public and private sector are affected by the lack of payment of their salaries, unemployment rates are frightening and in the midst of all this there is an undeniable urgency for the State to collect revenue. In this chaotic scenario, companies — already affected by the crisis — find themselves at the mercy of state legislation, which provides for the imposition of various fines as a result of failure to submit — or submit with incorrect information — tax returns. So far, nothing wrong, but it is important to remember that companies' statements are numerous and complex. For example, companies operating in Rio de Janeiro need to deliver the “Annual Declaration for the IPM”, known as “DECLAN”, which fulfills the role of providing information to the State regarding the collection of ICMS, the main state tax, to assist in the distribution of revenues from a percentage of this ICMS to the Municipalities.
Now imagine that a professional from a company, when filling out the DECLAN, made a typing error and transmitted the file with that error. The State Revenue notices the error - as it has several other instruments to investigate the ICMS collected by companies -, summons the company to rectify the document, and the professional rectifies it within the period specified in the subpoena. The legislation Middle East Mobile Number List provides that, even if the declaration is rectified within the deadline, the company must pay a fine corresponding to 0.25% on the output operations and installments carried out during the period to which the declaration refers, and the amount cannot be less than 1.5 thousand UFIR-RJ, or greater than 10 thousand. This means that the minimum value of the fine will be, and the maximum value will be.
In the case of legal entities, such values seem fair as punishment for errors made when filling out the declaration. However, the legislation provides an exception for companies that have gross annual revenue — it is worth highlighting, we are not talking about profit, but rather gross revenue — greater than 3,600,000 UFIR-RJ, or R$ 12,315,960.00. The legislation provides that the maximum value (R$ 34,211.00) established is inapplicable to these companies and they must pay 0.25% on the value of the outflow and installment operations carried out in the period to which the declaration refers. Thus, we have seen strange cases of companies receiving millionaire fines (literally) for typing errors made when filling out tax returns and rectified within the deadline set by the State Revenue Service for that purpose.
Now imagine that a professional from a company, when filling out the DECLAN, made a typing error and transmitted the file with that error. The State Revenue notices the error - as it has several other instruments to investigate the ICMS collected by companies -, summons the company to rectify the document, and the professional rectifies it within the period specified in the subpoena. The legislation Middle East Mobile Number List provides that, even if the declaration is rectified within the deadline, the company must pay a fine corresponding to 0.25% on the output operations and installments carried out during the period to which the declaration refers, and the amount cannot be less than 1.5 thousand UFIR-RJ, or greater than 10 thousand. This means that the minimum value of the fine will be, and the maximum value will be.
In the case of legal entities, such values seem fair as punishment for errors made when filling out the declaration. However, the legislation provides an exception for companies that have gross annual revenue — it is worth highlighting, we are not talking about profit, but rather gross revenue — greater than 3,600,000 UFIR-RJ, or R$ 12,315,960.00. The legislation provides that the maximum value (R$ 34,211.00) established is inapplicable to these companies and they must pay 0.25% on the value of the outflow and installment operations carried out in the period to which the declaration refers. Thus, we have seen strange cases of companies receiving millionaire fines (literally) for typing errors made when filling out tax returns and rectified within the deadline set by the State Revenue Service for that purpose.