Tax Planning

The tax planning process consists of analyses: financial, purchases, sales and corporate. Through the meticulous study of the listed topics of the company, it is verified with effectiveness, which is the best tax regime to be framed.

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Tax planning consists of a set of legal systems, which aim to reduce the payment of taxes.   The taxpayer has the right to structure his business in the way he sees fit, seeking to reduce the costs of his enterprise, including taxes. If the form entered into is legal and licit, the public treasury must respect it.

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Considering that when starting a business, the entrepreneur has his own resources or that of third parties, it is important to analyze some corporate issues, essential for the constitution of the company, such as the company's share capital and the share of capital of each partner.

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The initial analysis consists of observing the business profile, in order to direct the type of company to be constituted and its respective framework. Another important detail is the choice of main and secondary activities (CNAEs), observing the choice of the company's location, as well as the necessary licenses according to the activities to be performed.

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An important point is the analysis of the company's suppliers, under the ICMS calculation aspect. 

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It is necessary to verify if they are in the state or interstate sphere, if in simplified estimate or graphic account, as well as the type of classification, if simple national, presumed or real profit, so that the ICMS calculation is compatible.

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In the same way that suppliers are evaluated, from the point of view of the purchase of inputs and goods, it is important to analyze the sales characteristics.

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The main analyzes are the identification of the consumer as a natural or legal person and the destination of the products (inside or outside the state) in order to  direct the correct collection of ICMS, according to the observations of each state.

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In relation to financial analysis, it is important to verify the origin of financial resources, as well as their destination and purpose, considering the role of accounting, of recording financial information according to the event, for that, the transparency of the business is essential. .

In this way, it is observed that tax planning is the result of the analytical study of business information, in order to predict the entity's tax contribution capacity. IFCT aims to provide sustainability to companies through the tax dynamics allowed by law, which results in a fair tax burden compatible with the activity of our clients.