Do you know the risks of selling without an invoice? In this article we talk about this and show you the importance of issuing your NFes correctly.
In case you didn't already know, selling without issuing an invoice poses many risks for the company and also for you as an entrepreneur.
Although this seems like a simple and unassuming attitude, it can lead to serious consequences for the entrepreneur, including fines and even imprisonment.
The main reason many companies stop issuing sales invoices is to reduce their tax payments. This practice is not recommended, as it puts the company at risk.
Firstly, this type of transaction is an illegal activity. If tax evasion is proven, the company may be subject to penalties such as fines, seizures and even imprisonment.
What's more, selling without an invoice is also bad for the buyer. After all, the consumer is left without guarantees and without the possibility of exchanging or returning the product.
Below, we'll tell you a little more about the risks of selling without an invoice so you can understand why it's so important to avoid this practice.
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What does the law say about selling without an invoice?
The main purpose of the invoice is to allow the government to control commercial transactions carried out throughout the country.
This way, based on the invoice, the taxes to be paid are determined and the tax rate calculated.
Another objective of the notice is to guarantee consumers the possibility of exchanging or returning the product, in accordance with current laws and the policies of each company.
The obligation to issue invoices is laid down in Law 8137/1990. The only entrepreneurs who are exempt from issuing invoices are MEI's when they make sales or provide services to individuals.
A company that fails to issue an invoice, if the person responsible is a primary defendant, may pay a fine equivalent to 10 times the value of the invoice. In the event of a repeat offense, the entrepreneur could be imprisoned for up to 5 years.
When the absence of an invoice is detected, the company is monitored by surveying its previous tax activities in order to detect other occurrences.
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What are the benefits of making sales with an invoice?
The first reason for making sales with an invoice is to avoid the consequences of not issuing the document.
In addition, those who properly issue sales invoices can count on various benefits and facilities.
One of these benefits is maintaining a history of transactions, which helps to improve the company's accounting control. With the help of the history of invoices issued, you can recover transactions, calculate fees paid, record the flow of incoming and outgoing goods, among other activities that significantly improve your accounting organization.
This control is important for the company to be able to work on efficient strategic planning in order to promote business growth. After all, it's possible to establish more realistic projections based on important details about turnover.
Until a while ago, creating this history required a large investment and a lot of time. However, with the platforms that issue electronic invoices, this task has become more practical.
In addition, the nature of this operation minimizes the risk of human error. The occurrence of errors when filling in data is extremely low.
It's worth remembering that invoices are very easy to issue and with the introduction of programs that do this digitally, the process is fast, practical and modern.
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Learn how to avoid these risks
As you can see, issuing sales invoices is an indispensable task for all businesses and helps to avoid serious risks for the company and the entrepreneur.
The best way to avoid these risks is to create an efficient system for issuing these invoices. For this, you can rely on modern solutions available on the market.
If you need help, you can count on the support of the team at CLM Controller. We are an accounting firm with over 40 years of experience and we have professionals prepared to propose and implement the best solutions for each business.
