Sales Tax Calculations and the Right Avenues for The Businessmen


That this country is a country full of taxes is no longer new to any entrepreneur. However, few professionals are able to list from memory what is the extensive list of the main taxes charged to companies.

There are federal, state and municipal charges and they are not always integrated. That is, while the federals have a single system for the whole country, the state ones follow specific laws and rules, as well as the municipal ones. This only contributes to making the work of accounting and tax advisory professionals even more complex.

So that you don’t get lost in the middle of the real tax cascade that affects your transactions, we have listed here all the federal, state and municipal taxes that you or your company pay every month. The sales tax calculator zip code happens to be the best option for counting the taxes.

Federal taxes

  1. Import Tax (II)

It is a federal tax that, as its name implies, applies to all imported products. It does not matter if you are an individual or a legal person: when you bring goods from another country to this country they will only have entry to the country if the II is collected.

There are two types of taxation here: simplified taxation regime (for products whose value is less than or equal to US $ 100) and special taxation regime (for products whose value is more than US $ 100 and less than or equal to US $ 3) thousand).

  1. Tax on Industrialized Products (IPI)

Another tax within the competence of the Union, the Tax on Industrialized Products must be paid by importers or traders and owners of industries. The fees are levied on imported goods as well as on nationally manufactured products. If the good has gone through an industrialization process, the rate is generated.

  1. Tax on Financial Operations

This is also a very recurrent tax in the lives of this countryians. The IOF focuses on foreign exchange, credit or insurance operations.

  1. Corporate Income Tax

It is the tax that is levied on the gross income of companies, regardless of the size and tax regime adopted.

  1. Individual Income Tax (IRPF)

The IRPF is the tax on the gross income of each one of us. Although it can be charged to all this countryians, only those whose earnings are greater than R $ 28,559.70 per year are taxed. The rate varies according to monthly income, which can range from 7.5% to 27.5%. Some income is not taxable, such as savings accounts, scholarships, pensions and inheritances.

  1. Tax on Rural Territorial Property (ITR)

It is a federal tax levied every year on landowners. Failure to pay implies an interest charge of 1% per month from the due date. The ITR applies to both individual and corporate properties.