Source: Blog Natanael Luis - Brazil News - 20/04/2011

After the celebration yesterday (19), which aims to combat tax evasion in our state, the State Secretary of Finance, Carlos Martins, explained yesterday that tax efficiency also has another tool to promote competitive ethics. A cooperation agreement was signed with the representative of the Brazilian Institute of Ethical Competition (ETCO) and Microsoft, Hoche Pulcherio. Microsoft developed, together with Sefaz, the project.

The development of the unprecedented BI NF-e or Business Intelligence System for the Control of Electronic Invoices will contribute to the verification of the segments required to issue electronic invoices and consequently increase the collection of the Tax on Circulation of Goods and Services (ICMS).

According to data from the Secretariat of Finance, today, 14 thousand taxpayers already use electronic invoices, and in January alone, an amount exceeding R $ 25 billion was handled. So far, the states of Mato Grosso, Acre, Paraná, Sergipe, Maranhão, Rio Grande do Norte and Mato Grosso do Sul, in addition to the Federal District, have already requested the assignment of the project.