Many business owners and managers have doubts regarding the taxable event, the tax invoice and the relationship between these terms. This is common, since, despite having different concepts, they go hand in hand and are directly linked to the fulfillment of tax obligations .
Doubts can cause problems during inspections or when talking to suppliers and customers. Therefore, it is essential that you know the differences and the function of each one. Check it out!
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What is a triggering event?
The taxable event is the action that new zealand whatsapp number data rise to the obligation of a subject to pay a tax or fulfill some additional obligation. It only occurs if there is a legal provision, and the person responsible for fulfilling the obligation will be the person who performed the act.
Article 116 of the National Tax Code clarifies the matter and establishes:
Art. 116. Unless otherwise provided by law, the generating fact is considered to have occurred and its effects to have existed:
I – in the case of a de facto situation, from the moment in which the material circumstances necessary for it to produce the effects that are normally inherent to it occur;
II – in the case of a legal situation, from the moment it is definitively established, under the terms of applicable law.
What are the triggering facts?
There are ten main investing in cryptocurrencies during the us election facts in Brazil, let’s look at some examples:
- IPTU: the taxable event is the possession of property in an urban area;
- ICMS: the taxable event is the circulation of goods within the municipality and also the provision of intermunicipal and interstate transport services ;
- Import tax: as the name suggests, the taxable event applies to the import of goods, products and services;
- Export tax: in this case, the taxable event is the export of goods, products and services;
- IPI: the production and sale of industrialized products by the production unit is its taxable event;
- Income tax: this is well known and its taxable event is the assessment of income, when the amount received exceeds that by law.
How important is the generating fact?
From the taxable event, the deadlines for fulfilling the tax obligations generated by it begin to count. If the company fails to comply with what was by law or makes any error, it may.
Therefore, the triggering event is b2b phone list for the faithful compliance with. The law and it is of utmost importance that the company has control over the legislation and is aware of all the requirements by the State.
