BR_GRT (BR - Gen. Record of Taxpayers)
| Property | Value |
|---|---|
| A technical identifier, unique in a certain context. Technical key | BR_GRT
|
| The country a linked concept is active or generally relevant for. Country scope | BR (Brazil) |
| Language-specific name. Monolingual name | General Record of Taxpayers (pt), Brazilian General Record of Taxpayers (en) |
| Language-specific short name. Monolingual short name | BR - Gen. Record of Taxpayers (en) |
| Informal and comprehensive human-readable definition of a concept. Description | Brazilian General record of Taxpayer consist of the records of individual and corporation tax payer. On Aug. 1, 2007, tax authorities issued standard instructions to regulate the simplified tax regime (super simples) announced by the Brazilian government through Complementary Law n° 123/2006. The measure authorizes companies under this regime—those with annual gross revenues of up to BRL2,400,000 ($1,372,684)—to pay a single tax in place of the following federal, state, and municipal taxes:
IRPJ (federal corporate income tax) CSLL (federal social contribution on net income) PIS and COFINS (federal contributions levied on income) IPI (federal excise tax) Federal payroll taxes/contributions ICMS (state taxes on goods and services) ISS (municipal services tax). The applicable tax rate will vary from 4% to 17.42%, depending on the type of activity—industry, commerce, services, and so on. This new tax regime, which came into effect on July 1, 2007, differs from the standard methods to calculate corporate income tax. Larger companies can normally opt to calculate income tax under an actual profits method (lucro real) or a presumed profits method (lucro presumido). Under the actual profits method (lucro real), the taxable income is calculated in accordance with corporate records and adjusted for tax purposes in line with the applicable regulations (standard taxable income calculation). The corporate taxpayers may estimate their monthly tax payments (IRPJ and CSLL) by using computation rules applicable for the presumed taxable income basis. A final balance sheet and statement of income must be drawn up at year-end and the annual tax liability (including income tax surcharge) computed. Any difference between the final tax liability computed and the amounts estimated and paid in advance or withheld at source will either be paid up on March of the following calendar year (subject to interest) or claimed as a tax credit. |
| Category of business identifiers. Identifier category | Tax Number |
Formal definition
No format rules.
Data quality rules
No data quality rules defined.