Radar siscomex: What is it and how can your company qualify?
As defined by the Federal Revenue Service itself, Radar Siscomex is a system whose purpose is to provide information on customs transactions. With this information, the government intends to know the behavior of all foreign trade agents, with the main aim of combating fraud.
In short, we can say that the Siscomex System brings together information from all companies with some interface in foreign trade on the same platform. These companies must register with the system in order to proceed with their imports and exports.
Who is eligible for the Siscomex Radar?
According to current regulations, only legal entities can carry out commercial imports and exports. Individuals can only import for their own consumption via the post office, subject to limits on the volume of goods and frequency.
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What are the Siscomex Radar modalities?
- NATURAL PERSON: Imports for own consumption (limited to R.I. declaration and unlimited for export).
- MEI: The import limit is $50.000.00 per semester, and unlimited for exports.
- RADAR EXPRESS: For companies wishing to start their foreign trade operations with a limit of $50,000.00 for imports per semester, and unlimited for exports.
- LIMITED RADAR: For companies wishing to start their foreign trade operations with a limit of $150,000.00 for imports per semester, and unlimited for exports.
It's important to note that anyone applying for authorization in the unlimited category must prove the company's operational capacity to handle large volumes of imports. Bear in mind that a small or medium-sized business would be covered by the categories whose import is limited, so applying for a category that doesn't correspond draws the attention of the tax authorities, given the controls in place to prevent fraud.
Another important consideration regarding the categories is that the company opting for Radar Express should be aware that if the import limit set at $50,000.00 is exceeded before the stipulated period of 6 months, the system automatically blocks the administrative authorization for transactions.
To make things clearer, let's look at the hypothetical example of a company that reaches the stipulated limit in the second month of its license. Until the end of the 6-month period, it will be unable to carry out any imports.
Those who are MEIs should also pay attention to the stipulated import limit. Although $50,000.00 is a significant amount for an individual company, the annual turnover limit of R$ 80,000.00 stipulated by the law that established Simples Nacional must be respected.
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How to apply for your company's Siscomex Radar?
All the documentation for registration in the Siscomex System can be gathered by the company itself, which can request registration on the Receita Federal website. Each category listed in the previous topic will require specific information and, as already pointed out, to qualify for unlimited imports it is necessary to prove the company's operational capacity.
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Who can help your company qualify for the Siscomex Radar?
As mentioned above, the entrepreneur or company employee is able to register for the Siscomex Radar. However, we know that this is not always recommended, as some stages of the process require an analytical capacity to interpret the requirements of the Federal Revenue Service and to fit your business into the most appropriate category, with a view to safe foreign trade operations.
That's why an accounting firm specializing in import and export can be a real ally. Not only can you be sure that your authorization in the system will be effective, but you can also get complete consultancy in the area to deal with any non-conformities.
If you need to rely on experienced accounting advice, capable of providing the best strategies for your company to improve its financial performance, get to know CLM Controller's solutions now.
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