With the arrival of the Corporate Income Tax (IRPJ) declaration period, it is essential to understand more about this process and how it can impact the company.
After all, filing your IRPJ is one of the main obligations of a business . It is essential to maintain tax compliance and avoid future problems with the tax authorities.
Continue reading for a complete guide on IRPJ, with frequently asked questions about taxes for companies and tips for filing an efficient — and problem-free — return.
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What is Corporate Income Tax (IRPJ)?
Corporate Income Tax (IRPJ) is a federal tax levied on a company’s income. In this case, the taxable event is the acquisition of income or gain.
All legal entities, whether small, medium or large, are required to pay this tax . It is calculated based on the profit obtained in a given period.
IRPJ is one of the main sources of turkey whatsapp number data for the federal government and is used to invest in various sectors, such as:
- Health;
- Education;
- Public safety;
- Infrastructure, among others.
Therefore, failure to pay IRPJ may result in fines and interest , in addition to damaging the company’s reputation with regulatory bodies.
What is the difference between IRPJ and IRPF?
IRPJ and IRPF are acronyms used to complex chip market for smartphones tablets etc to Corporate Income Tax and Personal Income Tax , respectively. Both are federal taxes that are levied on income, but they have some differences in their calculation criteria and rates.
IRPF is due by individuals who receive income from work, rent, investments , among others. In this case, the calculation is based on the progressive table, which establishes rates that increase according to income.
IRPJ is due by legal entities that make a profit from their activities . It is calculated based on gross revenue minus deductions and costs, and the rate is 15% on profit.
For companies with profits above a certain limit, there is also an additional rate of 10%.
Furthermore, another major difference is that, while IRPF is due annually, based on the declaration made by the taxpayer, IRPJ is due monthly — based on the company’s results determined each month.
In this case, to avoid fines and bureaucratic problems, you can use an automated financial system , such as Asaas , which makes payment management easie
How does Income Tax work for legal entities?
Corporate Income Tax (IRPJ) is a federal tax levied on the profits of companies and similar entities. Its calculation basis is Real Profit, Presumed Profit , or Arbitrated Profit, according to the form of taxation adopted by the company.
- Real Profit: IRPJ is on adjusted net profit, considering the additions and exclusions permitted by law.
- Presumed Profit: the tax is beb directory based on a presumed profit margin, without the need to determine the actual profit;
- Arbitrated profit: when the company does not keep regular accounting records. The tax is by the Federal Revenue Service on criteria by i
What does an inactive IRPJ declaration mean?
The inactive Corporate Income Tax return is a mandatory procedure for companies. Even though they are formally , did not have any operational activity during the assessment period.
In this case, the company must inform the Federal Revenue Service that it is inactive and submit the Inactive Federal T
ax Debits and Credits Declaration ( DCTF ), in addition to other required accessory obligations.