Saving and investing go hand in hand. Another very important point to consider when we talk about increasing the effectiveness of our finances is saving. Investing is a good way to save and keep your money’s worth. But to invest effectively you have to take into account the two golden rules: obtaining a return higher than the inflation rate and a higher profit, higher risk. These rules are very useful, as they remind us of the care we must be when saving and investing our money. Accordingly the taxes will be counted. By visiting the taxfyle.com/sales-tax-calculator you can have the best options.
Companies that qualify for quarterly taxable income must calculate the IRPJ and CSLL calculation bases based on the operations carried out in the periods.
Annual Real Profit
On the other hand, companies that opt for the annual calculation of the Real Profit carry out this calculation only once a year – on the date of December 31. IRPJ and CSLL, paid monthly, are considered as anticipations of the amounts calculated in the annual balance sheet. If there is a positive or negative balance at the end of the year, it must be paid or offset. In addition, the Annual Real Profit can be calculated by Estimate or Gross Revenue.
Calculation by Estimate:
- Payment every month through gross revenue and accruals.
- Reduction of the monthly payment of tax and social contribution, based on balance sheet or interim balance sheet, for having obtained a real profit or positive calculation base lower than that calculated based on gross revenue and increase.
Calculation by Gross Revenue:
- The result of the application of the percentage provided on the gross revenue of the activity.
- Capital gains, other revenues and positive results arising from revenues not included in the activity.
Accessory Profit Obligations
In addition to knowing how to calculate the Real Profit and pay the taxes, companies opting for this tax regime must also comply with several ancillary obligations.
Taxes on Real Profit
In order to learn how to calculate the Real Profit and get a better understanding of the functioning of this tax regime which influences your organization’s expenses – it is important to have contact with the taxes that are impacted by your choice of tax regime.
A company that opts for Presumed Profit may have to pay a much higher or lower amount than another company that opts for Actual Profit. The secret is precisely in these taxes that we will see shortly:
The Corporate Income Tax (IRPJ) is one of the taxes that receives the most influence over the decision for Real Profit. Under this regime, the amount determined at a rate of 15% on net income for the period.