Apparently normal and regular operations can become harmful to public finances in the eyes of the tax authorities, sometimes culminating in tax assessments of significant sums, and no company is immune to experiencing such a situation, regardless of its size, as we can see in the following article, which reports on the tax assessment issued against the world's second-largest smartphone manufacturer (Huawei). The company was accused of irregularly using a trading company to carry out imports, being accused by the Federal Revenue Service of fraudulent intermediation.

To mitigate the risks of penalties within the customs framework, taxpayers should always seek good specialized advice to assist them in the entire planning of their foreign trade operation.

Stay alert and informed!

If in doubt, consult our expert team!

Source: JOTA

News commented on by Michel Pereira,  Lawyer, graduated in Law in2009 by FMU/SP. Areas of Expertise: Customs Law, Tax Law, and Corporate Law, OAB (Brazilian Bar Association):  295.435 .