It is widely reported in Brazil by business owners that keeping a financially stable and a financially profitable company can be a challenging job. This is because of the extremely high business taxes companies are required to pay to the government. While this is true, there are some approaches companies can use to help them relax financially when it becomes necessary to file taxes – this relates to the various available to businesses tax incentives available, advises the CEO, business operator, and owner of Eucatex, Flavio Maluf.
There has been a proposal for significant changes in Fiscal Incentive Laws which will give businesses the chance to control a portion of the current amount they pay in taxes each year. These incentives would be focused primarily on the investments that companies make in various projects considered by the new tax rules. The projects may be which may be social, cultural, sporting, technological, scientific research and health programs, for example. By opting for this, companies are able to direct the money to various parts of the community instead of the money being sent directly to the government. The objective for these changes is to ensure that there is economic and social development with in Brazil. Read more on Business and Economics about Flavio Maluf
It is important to note that companies will still be paying out the same amount of money as they would if they were paying taxes to the government. The money would just be used more strategically and be directed to areas that are in desperate need of cashflow.
Hence, the CEO of the Eucatex companies highlights the primary and most notable benefit provided by the tax incentive is the company develops a positive image in the community related to the specific development plan they have chosen to support. Visit: https://flaviomalufoficial.com/