This episode, A look into Brazil’s super-complex tax system, is supported by Fast Help. Fast Help is a Brasília-based IT company that is focused on cybersecurity. Protect your business by teaming up with Fast Help. Go to fasthelp.com.br for more information on how to protect your company’s virtual space.
As the month of April comes to an end, Brazilians have their annual rendezvous with the federal revenue services. Brazilians work for approximately four months just to pay their taxes. According to the São Paulo Trade Association’s Tax Clock, Brazilians have already paid BRL 851 billion in overall taxes in the first four months of 2019. If that money were placed in a pile of 100-dollar bills, it would take 70 twenty-feet-tall containers to store.
It is no wonder Brazilians call their tax authority the “Lion,” due to its ferocious pursuit of tax dodgers.
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