Accounting · Brazil and Latin America
For international companies considering expansion into Brazil or other Latin American countries, taxes and charges are a major concern. The complexity and high tax burden of local systems make detailed accounting studies essential to optimise charges and minimise tax impacts.
LMS conducts a comprehensive analysis of the local tax system, including the main federal, state and municipal taxes that may apply to the company. This covers tax rates, calculation bases, ancillary compliance obligations and available tax incentives.
Based on the nature of the company’s operations and business objectives, LMS assesses the most appropriate corporate and operational structure to optimise its tax burden. This may include choosing between a branch, subsidiary, joint venture or other form of organisation, taking the tax implications of each into account.
An important part of accounting studies is identifying the tax incentives and benefits available to companies operating in Brazil or other Latin American countries. These may include special tax regimes, exemptions, tax credits and other mechanisms that can help reduce the company’s tax burden.
Using the accounting analysis and information gathered, LMS works to develop a strategic tax plan that maximises the company’s tax efficiency in Brazil and other Latin American countries. Recommendations may address profit management, tax deductions, minimising taxes on profit remittances and other measures.
In addition to helping optimise the tax burden, LMS provides guidance on compliance with local tax and accounting laws. This includes meeting filing obligations, preparing and submitting financial reports in accordance with local standards and implementing effective internal controls to avoid future tax issues.
Tax rules change regularly. LMS provides ongoing monitoring to keep the company informed of changes to Brazilian or other Latin American tax laws that may affect its operations. This enables timely adjustments to tax planning and continued tax optimisation.
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