Mannrich e Vasconcelos Advogados’ Post

The deadline for filing an original ITR for FY 2022-23 AY 2023-24 was July 31, 2023. If an individual has missed this deadline, there is no need to worry as one can still file ITR by paying a penalty. A belated ITR, filed after the original ITR expires, is called a belated ITR #Delhi #ErnstYoung #India #Deloitte #Canada

Major Leap Forward for Businesses in Brazil: Approval of New Tax Reform Businesses operating in Brazil have a reason to celebrate: The new Tax Reform, designed to simplify the current system and reduce the burden on companies, has been approved by the Chamber. This reform awaits Senate approval and is a promising sign of ease of doing business in Brazil. A key aspect of the reform is the introduction of two new taxes - the federal CBS and the state IBS. This replaces the current complex system with a streamlined one, eliminating tax confusion and reducing administrative hurdles for companies. The reform brings another major advantage to businesses. A single tax rate will now be applied, with a reduced rate for certain services. Crucially, taxes will now be charged at the destination of goods or services, ending the need for complex tax credit recovery. Maria Andreia of Machado Associates believes that the proposed PEC, which substitutes all consumption taxes with a value-added tax, will further improve the business climate. This much-awaited reform, which aligns Brazil closer to the tax models of developed countries, is a significant stride towards boosting economic growth and fostering a conducive environment for businesses in Brazil. #brazil #taxes #growth #latam

Timão Business Tax e TP sul Deloitte! 💪🏼