Debt with tax authorities has heavy fine

I owe and don't deny, I pay when I can. Such decisions do not help companies that owe the tax authorities, let alone exempt them from fines and sanctions. Their situation is aggravated when there is a lawsuit for the collection or execution of tax debts in progress. However, the severity of the fines' punishment is not linked to the nature of the tax, but to the way the taxpayer declares it, explains Márcio da Costa, president of the FecomercioSP Tax Affairs Council and the Taxpayer Defense Council (Codecon)

Source: Valor Econômico (18/11)

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Tax evasion in the country already reaches R $ 320 billion this year, says union

The sum of all Brazilian tax debts has already reached the mark of R $ 1,1 trillion. The calculation is from the National Union of National Treasury Attorneys (Sinprofaz) and considers the position in July this year. The largest share - R $ 723,3 billion - involves large debtors, that is, companies that together represent less than 1% of all legal entities registered in Brazil, points out the union.

Source: Estadão website (20/08)


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