Brazil Investigates Companies Suspected of Tax Evasion

Brazil's Internal Revenue Service (IRS) said Friday it will investigate 6,455 companies suspected of evading 6 billion reais (3.75 billion U.S. dollars) in social security taxes.

The IRS will first investigate the companies that presented the biggest disparity between the amount paid in wages to employees and the amount collected in taxes.

The IRS collected information from four different sources, including the social security service and income taxes paid by juridical persons, and said the list of companies needed further analysis.

"Such companies did not pay their social security taxes," said IRS Joint Secretary Paulo Ricardo Cardoso.

In addition, the IRS will investigate 22,000 individuals on discrepancies in their income tax payments.

It is the third operation carried out by the IRS this year. The first one took place in March and involved 37,000 individual taxpayers charged with conducting illegal operations in the real estate market and with credit cards.

The second one started at the beginning of June and targeted a group of 22,403 tax payers who carried out suspicious financial operations.

 

Source: CRIEnglish