Foreign trade has several processes, documents and forms that must be completed correctly and on time so that the products can reach their destination without any tax problems.
In this text, you will learn more about one of them, SISCOSERV. With this article, it will be possible to understand its importance for companies operating in foreign trade and for the government, for whom it is mandatory and the penalties for non-compliance. Good reading!
What is SISCOSERV and why is it important?
The Integrated Foreign Trade System for Services, Intangibles and Other Operations that Produce Variations in Equity (SISCOSERV) was created to store information regarding transactions by Brazilians or residents in Brazil with foreigners and residents abroad.
SISCOSERV is important because it allows the government to have and provide more complete information on foreign trade and services. As a result, they can be used to define public policies and to offer tax incentives according to the needs of companies.
It is also possible to analyze what are the obstacles that are impeding its development and, then, create measures to eliminate or bypass them, which will help the national economy.
With the help of the government in boosting foreign trade, importing and exporting companies will benefit from fewer fees and less bureaucracy, thus increasing their profits.
Which companies need to register SISCOSERV?
The registration of SISCOSERV is mandatory for some types of companies, but, in general, all institutions that buy or sell services internationally must carry out this activity. Here are some other situations in which registration is mandatory:
- when services are billed or contracted by people or companies domiciled abroad;
- when intangible assets are hired;
- when other operations provided for in the NBS (Brazilian Nomenclature of Services, Intangibles and other Operations that Produce Variations in Equity) are carried out with domiciles abroad.
Companies opting for Simples Nacional, MEIs (Individual Microentrepreneurs) that do not use means in order to support foreign trade in services and individuals that do not exceed the value of US$ 30,000.00 in imports and exports, per month, are exempt from making that record.
An important piece of information is that it is not just conventional imports / exports that require filling in SISCOSERV - express shipments, subscription to magazines or digital services abroad and even the hiring of teams to build stands at events in other countries countries also fit the rule.
Some entrepreneurs do not realize this detail and end up not completing the document, thus, they end up being liable to pay a fine without proper knowledge.
Where should this registration be done?
SISCOSERV can be done by both individuals and legal entities, however, you need the e-CPF to be able to access the system. In the case of a legal entity, it is necessary to grant an electronic power of attorney to the user. This power of attorney can be made through the E-CAC Portal.
With the power of attorney duly made, it is possible to access the system of the SISCOSERV. To complete the report, it will be feasible both to carry out this process manually and with the use of a computerized system, such as management software. Thus, it is possible to optimize the process and send the document via an XML file.
The control must be carried out by you manually or through your management system. This can be done by printing or capturing the system screen or by performing a separate control.
What should be stored in the system?
The system is divided into modules (sale and acquisition), which must be filled in with the information requested in what corresponds to its activity. If you are making a purchase, you must complete the purchase form, if you are making a sale, the sales module must be completed.
Within these modules, there are modes that correspond to a greater specification of the activity that is performed by you or your company. It is important to understand the function of each one and make the correct filling, otherwise your document may be invalidated.
It is also important to pay attention to the deadlines: SISCOSERV must be delivered by the last business day of the third month following the movement - this for sale and acquisition operations.
In order to bill the sale or pay for the acquisition, it is necessary to analyze each case differently, however, it is possible to use the last business day of the following month as a basis. If delivery is delayed, fines may apply.
Is there payment of taxes and fines?
In order to complete your SISCOSERV report, it is not necessary to pay any extra amount, unless your company uses a management system, which must have your payment agreed with the service provider.
However, if the document is not delivered or is filled in late, as mentioned, fines may be paid. The values can vary between R$ 500.00 and R$ 1,500.00, depending on the number of months in arrears.
In addition, the company also runs the risk of being out of compliance with tax incentive programs, thus losing its assistance to carry out imports and exports, which can make the activity very expensive.
So, keep an eye on the deadlines and get organized so that this document can be completed as quickly as possible. Many companies choose to hire a specialized company in this sector, which will be in charge of all procedures, so that the manager can focus on other important activities of the company.
Thus, understanding what SISCOSERV is, how to fill it out and what are the penalties for not issuing it or for delay, you will be able to perform a more efficient registration, in addition to assisting in data collection to improve the foreign trade area from the country.
Did you like the text? So, in the comments, leave your opinion about SISCOSERV and if you believe that it can help improve the sector.