The government charges the ICMS substitution tax to the ICMS tax that is due for subsequent transactions with the product. The manufacturer of the product collects the tax based on the end selling price of the product. This is an ICMS tax charged on special products and clients that may go through multiple distributors before reaching the end consumer. ICMS Substitution - Secondary Tax on the Circulation of Merchandise and Services ( Imposto Sobre Cirçulacão de Mercadorias e Serviços Substituto ) This causes a reduction in the applicable ICMS tax. This means that the payment is not required until later in the process of commercializing goods and the responsibility is transferred to the buyer of the product. The government encourages economic growth by giving a lower tax rate to states with less developed economies.ĭeferred ICMS: The fiscal authorities grant some industries in Brazil the benefit of deferring the ICMS tax partially or totally. ICMS is a tax that is already included in the selling price of the product. Repasse: This is a tax discount that is given when the ICMS rate in the state where the product originates is higher than the rate in the state where it is being sold. Reduction: The government provides tax incentives for companies to purchase certain products by lowering the taxable amount of the product by a specified percentage. There are two exceptions to the usual ICMS processing: The tax charge on monthly purchases is offset against tax payable on monthly sales. The price of the product generally includes ICMS tax, but the amount of this tax also appears on the nota fiscal. The tax rate varies from state to state and some products may be taxed at different rates. This is a state tax that the government charges on purchasing and sales transactions. ICMS - Tax on the Circulation of Merchandise and Services ( Imposto Sobre Cirçulacão de Mercadorias e Serviços) The government passes on the excise tax to the purchaser as an addition to the sales price of each item shown on the Nota Fiscal. The government identifies its groupings in a Fiscal Classification, and the specific classification determines excise tax rates accordingly. Depending on the nature of the goods, the government calculates the IPI at rates that vary according to the degree of necessity for the goods. The government groups products with the same characteristics.

If the manufacturer imports and sells the product at a higher price, the manufacture must pay an IPI tax on the price differential. The government allows a credit for excise tax that the manufacturer pays on the purchase of raw materials or component parts used for production. The tax amount combines with the finished product price and is payable at the point of production or importation. This is a federal excise tax that the government charges on goods that a manufacturing process changes. IPI - Tax on Industrial Products ( Imposto Sobre Productos Industrializados)

Programas de nota fiscal eletronica