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Saturday, August 18, 2018

Counselling Aimed at the Issue of CPF & CNPJ

The Brazilian tax card, or "CPF or CNPJ" is a personal identification number used throughout the documentation and recording of any financial transactions in Brazil. It is mandatory for all Brazilian residents and is required, among other things, for all tax emissions tax or when you open a bank account. Within the company the same code is defined as "CNPJ". Each company operating in Brazil must possess it in order to exercise its regular activities.

It is also required for non-residents if they stay in Brazil for a period longer than 90 days. The "CPF" contains the name of the taxpayer and the number of taxes.

This number is extremely important both for private and for business needs and necessary for a given key issues, how to rent an apartment, open a bank account or record the purchase of a vehicle. Equally necessary data within the enterprise, as a foreign partner assumes responsibility for the payment of the share capital or incur in a loan.

That may seem like a simple procedure, but unlike apparently the release of "CPF or CNPJ" is subject to a bureaucratic procedure rather tricky for several reasons. The knowledge of procedures is crucial, therefore the intervention of a professional is recommended if not essential to not run into costly mistakes. Bright Business Consulting LLP is the right partner for "Warranty & Assistance"  throughout the process that contributes to the release of the Brazilian tax card.

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Bright Business Consulting LLP
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LONDON - UK - W8 4DB 

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