Post by account_disabled on Mar 12, 2024 20:22:57 GMT 10
Incurred as residual federal tax costs, as in the case of Reintegra, and proof of compliance with the drawback regime after the end of the concessionary act are more challenging situations than one might imagine. Proof of this is the significant number of administrative processes that reach the Administrative Council of Tax Appeals (Carf) every month and deal with these topics. Now, but if crediting on exported products and/or the use of drawback are not always the best alternatives to reducing the Brazilian cost and increasing the exporter's competitiveness.
What would be the alternative? What this article aims to do is draw attention to the Special Customs Regime for Industrial Warehousing under Computerized Customs Control (Recof) as a strategic tool for gaining competitiveness for Brazilian companies operating in exports, whose benefits produce Belgium Phone Number Data advantages that go beyond credits and exemptions. traditional taxes. Recof, originally created through Decree No. 2,412/97, and later improved through various standards, has as its main benefit the suspension of federal taxes levied on imports (II, IPI, Contribution to PIS/Pasep and Cofins) with its resulting exemption upon export.
The main difference between drawback and Recof lies in the fact that the latter, in addition to extending the suspension to the Merchant Marine Freight Additional (AFRMM), guarantees that tax suspensions do not only apply to imports intended for industrialization activities. for export, but to all operations of the qualified company, which represents a significant benefit in terms of cash flow, inventory management and production costs. The only restriction imposed by the regime is that the accredited company must export at least 50% of what was imported.
What would be the alternative? What this article aims to do is draw attention to the Special Customs Regime for Industrial Warehousing under Computerized Customs Control (Recof) as a strategic tool for gaining competitiveness for Brazilian companies operating in exports, whose benefits produce Belgium Phone Number Data advantages that go beyond credits and exemptions. traditional taxes. Recof, originally created through Decree No. 2,412/97, and later improved through various standards, has as its main benefit the suspension of federal taxes levied on imports (II, IPI, Contribution to PIS/Pasep and Cofins) with its resulting exemption upon export.
The main difference between drawback and Recof lies in the fact that the latter, in addition to extending the suspension to the Merchant Marine Freight Additional (AFRMM), guarantees that tax suspensions do not only apply to imports intended for industrialization activities. for export, but to all operations of the qualified company, which represents a significant benefit in terms of cash flow, inventory management and production costs. The only restriction imposed by the regime is that the accredited company must export at least 50% of what was imported.