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Siscoserv 1,163 views Share Like Download ...
SISCOSERV New tax filing obligation applicable to overall cross-border services and intangibles transactions performed wit...
G. Jacintho Consultoria Contábil & Tributária S/S Ltda. Follow Published on Oct 11, 2013
Integrated System of Foreign SERVICES trade. ... Published in: Economy & Finance, Technology, Business 0 Comments 0 Likes Statistics Notes
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Siscoserv 1. 1. SISCOSERV Integrated System of Foreign Service Trade Normative Instruction IN1277, Brazilian Government 2. 2. SISCOSERV New tax filing obligation applicable to overall cross-border services and intangibles transactions performed with Brazilian residents, as well as other transactions that may result changes in net worth. 3. 3. SISCOSERV Reporting requirements a) services rendered to foreign entities b) services taken from foreign providers 4. 4. SISCOSERV Reporting requirements c) Intangibles General licensing, technological transfer agreements related to technical and scientific support, assignment of know how, franchising agreements, natural resources exploitation, access to genetics resources, traditional know how rights, including computer software acquisition. SISCOSERV Reporting requirements c) Intangibles General licensing, technological transfer agreements related to technical ... 5. 5. SISCOSERV Reporting requirements d) Other transactions that may result changes in net worth Food supply, Finance and Operating leases, Franchising and Factoring. 6. 6. SISCOSERV Reporting requirements - DOCUMENTS • Service agreements ( rendered or hired ). Extended to any contracts related to intangibles, and other transactions mentioned in previous slides; • Revenues arisen from services, intangibles and other transactions, if it happens after services rendered ( ex. invoices or equivalent document); • Payments arisen from services, intangibles and other transactions ( ex. foreign exchange contracts); • Transactions records ( services and others ). 7. 7. SISCOSERV • When? DEADLINE a) 180 days following the event. Extension valid until 12/31/2013 only. After that, deadlines will be 30 days from the date the transaction occurs. 8. 8. SISCOSERV • When? DEADLINE b) Last working day of June of the following year after the cross- border transaction carried out by the entity domiciled in Brazil. 9. 9. SISCOSERV • When? DEADLINE Note : When reporting transactions of services, intangibles, and others, started but not concluded before the filing dates shown in the table, the starting date must be the one shown in the SCHEDULE. 10. 10. SISCOSERV • When? Schedule– Triggering Event • Chapters 1, 7 e 20 => 1/08/12; • Chapters 3, 13, 14, 21 e 26 => 1/10/12; • Chapters 2, 10 e 18 => 1/12/12; • Chapters 9 e 15 => 1/02/13; • Chapters 4, 5, 6 => 1/04/13; • Chapters 11, 12, 25 e 27 => 1/07/13; • Chapters 8, 17, 19, 22, 23 e 24 => 1/10/13. 11. 11. SISCOSERV •HOW? Filing to be done by the taxpayer or legal representative with a POA. It requires a Digital Certificate to enable online submission: https://www.siscoserv.mdic.gov.br 12. 12. SCHEDULE Filing date Description of Service August2012 Construction Services; Mail service, including pick up,; remittance or delivery of documents ( except letters ) or small objects; express Maintenance, Repair and installation services ( except construction ). 13. 13. SCHEDULE Filing Date Type of Service October, 2012 Lodging and Hospitality Services; Accounting and Legal services; Other professional services; Printing and publishing services; Personal Services December, 2012 Custom brokerage and Logistics services; Real Estate services; Corporate support services February, 2013 Financial services, securitization of receivables, and related services, Information Technology Services; 14. 14. SISCOSERV Filing Date Type of Service April, 2013 Transportation services ( passengers, cargo, support) July, 2013 Operational leasing, intellectual property, franchising, and exploitation of any form of rights; R & D services; Cultural and recreational services; Assignment of intellectual property October, 2013 Gas, water, power generation and supply services; Telecommunication services; Mining, agricultural and utilities-related support services; Educational services; Healthcare and social services; Waste water and solid residues treatment, environmental services. 15. 15. SISCOSERV PENALTIES AMOUNT DESCRIPTION Late penalty R$ 500,00 by filing – deemed profit method R$ 1.500,00 by filing – actual profit method Non-compliance to a Revenue Service Notice R$ 1.000,00 – deemed profit/ actual profit R$ 300,00 – national small company “Simples” 0,2% over the previous month revenue Missing or inaccurate SISCOSERV Reporting requirements d) Other transactions that may result changes in net worth Food supply, Finance and Opera... information – minimum rate: R$ 100,00 16. 16. IMPORTANT • Responsible for providing information SISCOSERV will be carried out by G.Jacintho’s Tax group, but source information comes from the client and from our Accounting department as well. • Client: services agreements, and all related transactions records; • Accounting: foreign exchange contracts, services agreements, and other transactions together with corresponding; • Tax: Invoice or equivalent document. 17. 17. IMPORTANT Teamwork Customer Tax Accounting The first filing date is January 28, 2013. Therefore, it is needed an assessment on the existence of services rendered or hired according to the Normative instruction ( NI)Chapters 1,7,20; Actions to be taken by : • Tax Checking whether there is any invoice (or equivalent ) classified by the NI, chapters 1, 7, and 20. • Accounting Checking whether there are FX contracts, Service agreements or other registered transactions, as per NI chapters 1,7 , and 20; • Client Checking Service agreements and other transactions as well as the corresponding supporting documents. 18. 18. SISCOSERV Brazilian Federal Revenue Services Guidelines – Portuguese version: http://www.receita.fazenda.gov.br/publico/ManuaisSiscoserv/ 3aEdicaoManualAquisicao_Portaria2328_2012.pdf www.gjacintho.com.br - +55(11) 3124-2555 - May 23, 2012- cm
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SISCOSERV Filing Date Type of Service April, 2013 Transportation services ( passengers, cargo, support) July, 2013 Operati... LinkedIn Corporation © 2018 × Share Clipboard × Email
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IMPORTANT • Responsible for providing information SISCOSERV will be carried out by G.Jacintho’s Tax group, but source info...
No public clipboards found for this slide Select another clipboard ×IMPORTANT Teamwork Customer Tax Accounting The first filing date is January 28, 2013. Therefore, it is needed an asse...
SISCOSERV Brazilian Federal Revenue Services Guidelines – Portuguese version: http://www.receita.fazenda.gov.br/publico/Ma...
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