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What is Simples Nacional?

April 26, 2017nacional simples

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What is Simples Nacional?

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Simples Nacional is a simplified taxation system designed for mini or small Brazilian business. According to the government definition, mini enterprises (microempresas or ME) are business that in a calendar year had a gross income equal or lower than BRL 240.000,00. Small companies, called Empresas de pequeno porte or EPP in Portuguese are business that earn a gross income over BRL 240.000,00, but equal or lower than BRL 2.400.000,00. Simples Nacional will allow your business to pay several taxes using a single payment form. The main characteristics of this system are: • Allows you to calculate and pay 6 different federal taxes, one state tax and one municipal tax in a single tax payment form called PGDAS • It is optional, but once you choose this taxation system you cannot opt out during the calendar year • Calculation can be easily done on the Internet • Unique taxation system for the whole country • Lower taxes There are however business that will not be able to opt in to this taxat