Tax planning for industries: choice of regime and tax savings
Learn how to carry out efficient tax planning for industries, choosing the best tax regime and taking advantage of tax benefits to maximize tax savings. Check out the essential tips in this article!
The industrial sector is known for its intensity and challenges related to workplace safety, environmental impact and the full operation of machinery. In addition, efficient tax management is fundamental to the success of these companies.
Faced with the complexity of the Brazilian tax system, it is crucial that industries implement tax planning to reduce the impact of the tax burden on their business in a legal and efficient way.
In this context, we will provide you with essential information so that you understand how industrial tax planning works and how to carry it out properly.
[Article]: Santander dismisses EY learn what were the failures in financial fraud consultancy
What is tax planning? industrial?
Industrial tax planning, also known as tax avoidance, consists of a set of strategies aimed at reducing the financial impact of taxes on a company. This process involves several stages which, when carried out correctly, allow financial resources to be saved legally.
[Article]: Understanding the changes in EFD-REINF see the crucial role of cooperation
The main stages of tax planning include
-Creating a tax calendar to organize tax payments;
-Changing the company's tax regime to a more advantageous option;
-Revision of the CNAEs (National Classification of Economic Activities) and NCMs (Mercosur Common Nomenclature) of the products used by the industry;
-Search for tax benefits available to the industrial sector.
[Article]: New event in the R-4000 EFD REINF series
Essential tips for carrying out tax planning in your industry
Here are four key tips for carrying out industrial tax planning efficiently:
[Article]: New tax reform understand the impacts on the industrial sector
Create a tax calendar
Organizing tax payments is key to avoiding delays and unnecessary fines. By creating a tax calendar, you can align payments with the industry's financial planning, mitigating risks and ensuring compliance with tax obligations.
[Article]: How accounting can optimize inventory management in import and export companies
Consider your tax regime options
Choosing the right tax regime is essential for reducing the tax burden. Industries have three main options: Real Profit, Presumed Profit and Simples Nacional. Each regime has its own particularities, and the right choice can result in more advantageous rates and tax benefits suited to your company's profile.
[Article]: The evolution of customer service
Seek tax incentives for the industrial sector
State, municipal and regional governments often offer tax incentives to attract or keep industries in their locations. These programs may grant discounts, exemptions or tax credits. Keeping an eye out for these opportunities can bring significant advantages to your industry.
[Article]: Proactivity in the search for answers in the internet age
Evaluate your economic activities (CNAEs) e NCMs Products
The review of CNAEs e NCMs of the products used by the industry is important in order to adapt taxation to the company's reality. The incidence of IPI (Tax on Industrialized Products) can vary according to economic activity, and adjustments to these codes can avoid unnecessary tax collection.
[Article]: The role of accounting in multinationals' compliance with tax regulations
Increasing competitiveness
Well-executed tax planning can make all the difference to the success of an industry. By reducing the tax burden legally and efficiently, the company can direct its financial resources towards investments and improvements, making it more competitive in the market.
[Article]: Tax planning for telecom companies
Conclusion
It is essential to count on the help of professionals specialized in accounting and tax consultancy to guarantee effective planning and compliance with current legislation. In this way, your industry will be prepared to face tax challenges and obtain best results in its growth trajectory.
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.
Upgrade your finances:
Talk to us!
