12/29/2020
It was published on December 7, by the Federal Revenue of Brazil (RFB), an ordinance that provides for the monitoring of the largest taxpayers, with the purpose of promoting and maximizing tax compliance.
The standard, which will come into force on January 2, 2021, stipulates a series of monitoring activities, through which an analysis of the economic and tax behavior of the largest taxpayers will be made, through:
- monitoring of taxpayers’ income, revenues and assets;
- monitoring the collection of taxes administered by the RFB;
- analysis of sectors and economic groups; and
- management for priority treatment of non-conformities with the objective of avoiding the formation of tax liabilities.
It is important to note that this monitoring will be based on information obtained internally and externally from the RFB, such as, for example, through a public source of data and information.
A series of criteria are listed for the definition of individuals and legal entities subject to this monitoring. Among these criteria, there is the total income, assets and rights declared by individuals, as well as gross revenue, wages and debts declared by legal entities.
RFB’s contact with major taxpayers can be made through various means, such as telephone calls, e-CAC communication, face-to-face or virtual compliance meetings, etc. However, it is pertinent to highlight that these actions do not characterize the beginning of tax proceedings.
Our tax area is available to provide clarifications on the subject.
Coauthors: Marcos Paulo de Oliveira Menegari and Thais Ribeiro Bernardes Casado.
