Magicians never reveal their secrets, right? Fortunately for you, the only vanishing act we perform is making your tax compliance problems in Latin America disappear!
Take Brazil, for example. Many international companies that expand into South America’s largest economy quickly bump up against complex withholding tax requirements that can cause major headaches.
That is just one reason why we developed the LatamReady SuiteApp, the ultimate tax compliance solution for 18+ Latin American countries. So, what’s our secret? Keep reading to find out…
Why are Withholding Taxes in Brazil so Complex?
Calculating withholding taxes is easily one of the biggest challenges for companies when opening a subsidiary in Brazil.
Not only can tax regulations vary widely between different states and even among cities, but withholding taxes are calculated differently depending on whether a transaction involves goods or services.
Adding even more complexity into the equation is the fact that Brazil’s taxes are constantly changing, leaving international corporations confused and uncertain how to comply with their tax obligations.
How LatamReady Ensures Tax Compliance in Brazil
The largest international corporations from around the globe rely on LatamReady to achieve tax compliance for their subsidiaries in Brazil.
What’s our secret? LatamTax, the dynamic tax engine inside the LatamReady SuiteApp specifically designed to support complex withholding tax regulations in Brazil and across Latin America.
LatamTax not only calculates withholding tax rates combinations but also issues withholding tax certificates in the specific format required by Brazilian law.
LatamReady is also connected via web services to Systax, a leading local tax engine calculator that automatically updates sales tax rates into NetSuite transactions.
Can the LatamReady SuiteApp Benefit My Company?
If you are a leading international corporation with plans to open to expand operations in Brazil, the LatamReady SuiteApp is the innovative solution you need to ensure 100% tax compliance.
From accurately calculating complex withholding taxes to ensuring monthly tax reports are submitted in the correct legal format, our Built-for-NetSuite SuiteApp is the ultimate tax compliance solution for 18+ Latin American countries, including Brazil.
Position your business for success in Latin America! Visit www.latamready.com or call one of our sales reps at +1-786-600-2641 today.
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