Tax on Goods and Services: analysis of the tax burden in a company of the presumed profit

Abstract

This work focuses on the study of Constitutional Amendment Proposal No. 45/2019, analyzing the main characteristics of the Tax on Goods and Services - IBS. Thus, the objective of this research is to analyze the main aspects related to the Tax on Goods and Services proposed in PEC 45 and its changes regarding the reduction of the tax burden of companies taxed on the presumed profit. As a methodology, the study was carried out through documentary research and case study, being analyzed the purchase and sale movements by an industrial company, contrasting the current system with the one proposed by PEC 45 in a comparative analysis of the models. Among the findings, there was a significant reduction in the tax burden if the proposed tax reform is applied and a reduction in its cost, thus, greater profits and possible greater competitiveness in the market. However, it was not analyzed how federative entities will be impacted with the possible approval of this reform, as well as companies that are not included in the Presumed Profit, generating opportunities for future research.