A very interesting article about the connection between taxation and IT in Brazil.
I`m learning that this is becoming a big thing. Some of my clients already pick accountacy firms based on the firm`s ability to cope with their ERP systems.
Link to the original source.
Brazil: Tax is not the issue. Variations, complexity and indirect cost to manage it it the true grit.
It has been a while since I have started to work for multinational companies with operations in Brazil.
For IT consultants there is a common ground when the subject is taxes. Goosebumps would describe this feeling. Most of the international teams do not realize how complex Brazilian taxes can be.
Few tributes… so what?
There are indeed few tributes but as you will see bellow, there are a wide range of creative variations and many special categories. Exceptions everywhere. Indeed a quite complex environment to manage but not only. There are also many different mandatory reports to allow the Brazilian government to cross those information clusters. Government considers not only the data from one source but through big data, it crosses data from vendors, customers and similar companies to build the big picture about an industry, about a market segment and even about the company and its peers. This strategy is about not only the source (provided by the company) but also the exchanged data between different companies. The best example is the mandatory NFe (electronic invoice) that allows Brazilian Government to control and track down electronically any fiscal information about goods logistics.
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