Federal Revenue opens public consultation for ordinance that creates program to stimulate good practices in companies

Federal Revenue of Brazil (RFB) intends to establish the Program for Stimulating Tax Compliance Pro-Conformity (Pró-Conformidade) aiming to encourage companies to adopt good conduct practices, by establishing a classification of taxpayers according to their behavior towards the federal treasury.

Such classification will be represented by a system of grades A, B or C given by the RFB, which will analyze the following criteria:

1) Register situation compatible with the company’s activities;

2) Joining to information provided to the RFB through statements and bookkeeping;

3) Timeliness in providing statements and bookkeeping;

4) Payment of taxes due.

Companies that are in compliance with the Tax Authorities, which have submitted their declarations up to date and whose registration status is regularized will receive the maximum score. The idea is that the good taxpayer has priority in meeting their demands and is informed in advance of their issues, making easier the self-regulation.