Additional obligations: what are they and what are the types?

Talking about additional obligations is important for several reasons. First, compliance with these obligations is essential to ensure compliance with the law.

Knowing and complying with these obligations helps companies and individuals avoid debts, fines and legal problems arising from non-compliance with the rules.

In addition, additional obligations provide an information base that tax and regulatory authorities use to monitor financial and commercial activities.

This contributes to transparency and control over the activities of companies, ensuring that they comply with established laws and regulations. Additional obligations also play an important role in monitoring and combating tax evasion.

By requiring registered information on income, expenses, inventories, financial transactions and other financial aspects, authorities can verify that taxes are being paid correctly and combat illegal tax evasion practices.

Therefore, talking about ancillary obligations is essential to ensure compliance, avoid debts and penalties, promote transparency, combat tax evasion, implement effective tax planning, facilitate commercial transactions and support strategic decision-making.

Knowledge of these obligations is essential for companies and individuals to act in accordance with the law and have a more complete and accurate picture of their financial activities. When these obligations overlap with international compliance requirements, for example under a sanctions program, professional guidance is essential to avoid penalties and maintain compliance with global standards.

What are ancillary obligations?

Ancillary obligations are additional legal requirements that supplement the main obligations of a legal entity or individual to the government.

They are protected by the tax and fiscal laws and regulations of each country and are aimed at providing additional information and documents for the control, supervision and transparency of financial and commercial activities.

These obligations may include the provision of declarations, records, accounting documents, financial pages, explanatory notes, etc. They are generally required by the body responsible for the tax and fiscal administration of the country, such as the Federal Tax Service.

Additional obligations depend on the type of activity and the tax regime of the legal or natural person. They may include the provision of tax returns such as income tax, goods and services tax (ICMS), industrial goods tax (IPI), etc.

In addition, certain documents may be required, such as accounting books, sales records, invoices, collection instructions, etc. These obligations are essential to ensure compliance with the law and compliance with tax obligations. See also: What crimes can you be held liable for?

What are the types of accessory obligations?

There are several types of accessory obligations that companies and taxpayers must fulfill to comply with tax and fiscal legislation. Some of the main types of ancillary obligations in the country are:

• Accounting: Accounting involves maintaining accounting books and records, such as the Daily Book and the General Ledger, where all financial and accounting transactions of the company are recorded.
• Tax Accounting: Tax accounting covers the issuance of tax documents, such as electronic invoices (NF-e), electronic invoices (NFS-e), electronic bill of lading (CT-e), among others, as required by the State and municipality.
• Federal tax returns. Companies must file several federal tax returns, such as the Declaration of Federal Tax Debts and Credits (DCTF), the Income Tax Return (DIRF), and the Corporate Income Tax Return (DIPJ).

It is important to familiarize yourself with the applicable laws and obtain specialized assistance, such as lawyers specializing in this area, to ensure that all full ancillary obligations are properly complied with.

What information is required to fulfill additional obligations?

The information required to fulfill additional obligations may vary depending on the type of obligation and the applicable tax and fiscal legislation.

It is important to remember that the above list is only general and that the requirements may vary depending on the applicable legislation. It is therefore recommended to consult the specific tax and fiscal legislation of the country and obtain specialized guidance to ensure compliance with the required information in each additional obligation.