Brazil is a country full of business opportunites. It is well known though that our country offers equally challenging barriers to newcomers. To overcome bureaucracy pitfalls, your company should count with a local partner to enable accurate business environment diagnosis and to facilitate market penetration procedures. Cebralog is you ideal local partner – contact us at sac@cebralog.com
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AVERAGE TIME SPENT TO PAY TAXES
Average time spent by small and medium companies to pay taxes and contributions in 2012 (in working hours)considering: Taxes over revenue (R); taxes over consume (C); taxes over labour force (L).
Brazil: L=490h, C=1,374h, R=736h, total=2,600 working hours;
China: L=192h, C=1,132h, R=74h, total=398 working hours;
Russia: L=96h, C=64h, R=130h, total=290 working hours;
India: L=96h, C=113h, R=45h, total=254 working hours;
Sources: IBPT e Playing Taxes 2012
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Brazil has a totoal of 85 taxes.
Taxes can amount up to 69% on corporates´profit
Sources: Internal Revenue Services, IBGE, Biggest and the best, World Bank, Exame Special Issue Dec,2011
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Average labor tax:
Brazil: 41%
India: 18%
Sources: Internal Revenue Services, IBGE, Biggest and the best, World Bank
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procedures required to open a company:
Brazil: 15
Mexico: 6
Sources: Internal Revenue Services, IBGE, Biggest and the best, World Bank
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Average time to open a business
Brazil: 120 days
Developed nations: 14 days
Sources: Internal Revenue Services, IBGE, Biggest and the best, World Bank