Legal Tax Services in Brazil
Brazil Brand’s tax attorneys assist individuals and business in navigating the complex subject of tax law. Our attorneys are well versed in both state and federal Brazilian tax law. Whether you are doing business in Sao Paulo, Rio or anywhere in Brazil, Brazil Brand has specialists in every area of taxation including: Federal Income Tax, Partnership Tax, ICMS, IPI, Real Estate Tax, Corporate Income Tax, Estate, Gift and Generation Skipping Taxes and Tax Litigation.
The tax attorneys at Brazil Brand can help you navigate the pitfalls and challenges of this complicated law.
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Taxation is a governmental assessment upon property value, transactions, estates of the deceased, licenses granting a right and/or income, and duties on imports from foreign countries. It includes all contributions imposed by the government upon individuals for the service of the state. Taxes are usually divided into two main classes: direct and indirect. Generally speaking, direct taxes are those assessed against income, land or real property, and personal property, which are paid directly to the government; whereas indirect taxes are assessed against articles of consumption, such as products or services, but collected by an intermediary, such as a retailer.
Tax Law is a complex system which encompasses the large body of laws governing taxation. It includes the payment of taxes to at least four different levels of government and many methods of taxation. Tax law is generated by the federal government, state government, as well as local government, which can include counties, cities, townships, districts, and other municipalities. It also includes regional entities such as school and utility, and transit districts. Tax law is extremely complicated and it changes every year. Its complexity and constant flux is generally due to two factors: the use of the tax code for purposes other than raising revenue, and the feedback process of amending the tax code. While the main intent of the tax law is to provide revenue for the government, the tax code is frequently used for public policy reasons i.e., to achieve social, economic, and political goals.
The Federal tax law is administered primarily by the Internal Revenue Service, a bureau of the U.S. Treasury. The U.S. tax code is known as the Internal Revenue Code of 1986 as amended (Title 26 of the U.S. Code). Other federal tax laws are found in Title 26 of the Code of Federal Regulations; proposed regulations issued by the Internal Revenue Service (IRS); temporary regulations issued by the IRS; revenue rulings issued by the IRS; private letter rulings issued by the IRS; revenue procedures, policy statements, and technical information releases issued by the IRS; and federal tax court decisions. Tax law for state and local government is also contained in codes sections, regulations, administrative codes, procedures and statements issued by the respective government authorities, as well as state court decisions.
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