Oversight

Value is 12.6% higher than that launched by the tax authorities in the same period last year. Number of audits increased by 9.2%

In the first half of this year, the Federal Revenue Department applied R $ 73.6 billion in fines  in the first half of this year, a  12.6% increase over the same period in 2016.

The number of external audits increased 9.2%, and the audit of declarations grew 14.9% compared to the first half of last year. Notably, the assessments of social security contributions, with an increase of 54.5%.

Deputy Secretary of Audit, auditor Iágaro Jung Martins said that the result of the first half shows the commitment and the focus of the fiscalization in the recovery of tax evaded and, in particular, the social security contributions, which increase the imbalance of the social security system.

"We are expecting that by the end of the year we will be able to have a total launch by Revenue Inspection of R $ 150 billion," Jung said.

Upcoming actions 

The Revenue already prepares the selection of the taxpayers who have adhered to the Special Regime of Exchange and Tax Regularization (Rerct). The start of fiscal procedures will intensify after the deadline for accession of the second phase, July 31.

It is also important for the auditors to exchange information from the United States through the Foreign Account Tax Compliance Act (FATCA) for 2014 and received in September 2015 and another 100 countries.

Taxpayer selection has identified, for example, 2,100 private individuals who have acquired real estate in the United States through the Limited Liability Company (LLC), a limited liability business that does not require visas or residency of its partners in the country to Opening, without declaring (or with undervalued declaration) in the declaration of Personal Income Tax.

Source: Portal Brasil, with information from the  Federal Revenue Service