Corporate income tax checklist 2024

Corporate income tax checklist 2024

 

Master the IRPJ and ensure your company's fiscal health in 2024! This complete guide takes you through all the steps of the tax return, from calculating the tax to checking the refund.

Corporate Income Tax (IRPJ) is a key federal tax for the Brazilian economy, directly influencing the profitability and competitiveness of companies. In this comprehensive checklist, updated for 2024, our aim is to provide clear and effective guidance for companies to fulfill their tax obligations with confidence and efficiency.

 

 

Definition, purpose, history and regulation of IRPJ

 

This topic explores the concept of IRPJ, its role in the national economy, its evolution over time and the rules that govern it, including references to Decree No. 9,580/2018 and the Income Tax Regulations (RIR).

 

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Administration by the IRS and the ECF system

 

Understand the role of the Federal Revenue Service in managing the IRPJ and how to use the ECF (Tax Accounting Bookkeeping) system for accounting purposes.

 

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Frequently asked questions about the obligation

 

Clarify the most common questions about who has to declare IRPJ, who is exempt and the exceptions that apply to individuals.

 

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Tax calculation: Real, Presumed, Arbitrated and Simples Nacional profits

 

Explore the different approaches to calculating IRPJ, including real, presumed, arbitrated and Simples Nacional profits, along with their respective rates and additional provisions.

 

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Rates and additionals

 

Understand the standard and additional IRPJ rates, such as 15% and 10%, and their applications in different contexts.

 

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Calculation basis

 

Find out how the IRPJ calculation basis is determined in each tax regime, including exclusions and deductions applicable to real profit.

 

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Advantages and disadvantages of each system

 

Compare the different IRPJ tax regimes, such as real profit, presumed profit and arbitrated profit, and identify the most suitable one for your company's specific needs.

 

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Monthly, quarterly and annual calculation

 

Master the deadlines and procedures for calculating IRPJ, whether on a monthly, quarterly or annual basis, depending on the tax regime chosen.

 

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Calculation by event

 

Understand when and how to calculate IRPJ in specific events, such as mergers, spin-offs and company dissolution.

 

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Filling in the ECF and defis

 

Learn how to fill out the ECF correctly for the real, presumed and arbitrated profit regimes, and the Defis for Simples Nacional companies, minimizing the risk of errors and penalties.

 

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Differences for MEI

 

The Individual Microentrepreneur (MEI), due to its simplified and differentiated tax regime, has two obligations related to Income Tax:

Simples Nacional Annual Declaration (DASN-SIMEI): In this declaration, the MEI informs the IRS of its gross revenue and expenses for the previous year. The deadline for submission is May 31 of each year, and can be done through the Entrepreneur Portal.

Individual Income Tax Annual Adjustment Statement (DIRPF): In addition to the DASN-SIMEI, the MEI also needs to file an individual income tax annual adjustment statement if it has other sources of income in addition to the MEI activity.

 

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Deadlines for declarations

 

Keep up to date with the specific deadlines for submitting your IRPJ tax return, depending on the tax regime you have chosen, to avoid delays and penalties.

 

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Consultation of the declaration

 

Access Receita Federal's e-CAC system to check the status of your IRPJ return, review your tax situation, obtain statements and track possible refunds.

 

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Reasons for refund

 

Find out when it is possible to obtain a refund of IRPJ, including cases of rectification of the declaration, tax benefits and changes of tax regime.

 

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How to apply for a refund

 

Use the PER/DCOMP or DAS to request your IRPJ refund efficiently and in accordance with the established procedures.

 

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Conclusion

 

Detailed knowledge of the IRPJ is essential for companies to maintain their tax compliance and avoid possible penalties.

Need help dealing with Corporate Income Tax (IRPJ) and other tax issues? Rely on the expertise of a specialized accounting firm and make the whole process easier!