DISCLOSURE OF TAXES IN BRAZIL
Name: IVIA CARNEIRO CACHOEIRO CASSOTTO
Publication date: 19/12/2017
Advisor:
Name |
Role |
|---|---|
| EDUARDO JOSÉ ZANOTELI | Advisor * |
Examining board:
| Name |
Role |
|---|---|
| EDUARDO JOSÉ ZANOTELI | Advisor * |
| GABRIEL MOREIRA CAMPOS | Internal Examiner * |
Summary: The objective of this research was to evaluate the disclosure of taxes present in the Financial
Statements prepared by 2016 of two companies in each sector listed on the BM & FBOVESPA.
A research technique for analyzing the data used for a content analysis, based on Bardin (1977).
To supplement an examination to prepare a checklist in NBC TG 32 - Taxes on Profit and NBC
TG25 - Provisions, Contingent Liabilities and Contingent Assets, in order to check whether
information required by standards was observed. The results of the descriptive research reveal
that as companies use several headings in the Financial Statements for tax information, they
were not published in the disclosure standard, and the content sometimes was not consistent
with the titles. Two companies do not disclose a DVA. In addition, illegible pictures, repetition
of information were found, among others. Taxes on income (IRPJ / CSLL) and contingent
liabilities (tributary) received greater emphasis on explanatory notes in parties with indirect
taxes, even though they are subject to several tax assessments. It was observed that 59% of the
companies benefited from government subsidies and assistance, 32% joined REFIS, and 57%
of those who joined REFIS already benefited from some kind of government subsidy and
assistance. South Korea, Brazil, the tax system, grants several tax incentives that generate more
benefits in relation to a reserve of opportunity (Amaury, 2015). 59% of the companies
distributed interest on shareholders' equity to the shareholders, resulting in a tax benefit,
however, 27% of the companies distributed only dividends, which did not result in a critical
benefit. The results of the content analysis, based on the literature and the data found, were
classified and classified all the tax information found in 17 categories, WHERE it is composed by
subject. Three categories were highlighted: "Taxes on profits," "taxes on deferred income" and
"contingent liabilities." Still in the process of disclosure of tax information, a DVA was a
demonstration that brought additional information on taxes paid to the treasury , it was possible
to know everything in the entire sector contributed in the form of taxes.However, the tax content
in the explanatory notes for bad evidence, with several inappropriate titles, with generic terms
not contained in the content was evident.As information about indirect taxes, in most cases,
applications highlighted in tables, without many details and classified as "other taxes to be
recovered", "other expenses", for example. what is what is the problem is the problem with the
subject, is not applicable.
