Tax reform has finally moved beyond the planning stage and is beginning to take shape in Brazil, promising to transform the tax system, reduce complexity, and create a more balanced environment for business.
But for companies, this is a time of intense preparation: each adjustment to the legislation requires changes to internal processes, ERP systems, and even the way teams collaborate.
Therefore, we have prepared a practical checklist to help you assess whether your company is prepared to face this transition safely and efficiently, and we show how Oracle NetSuite can support you at each stage.
1. Complete review of tax processes
First and foremost, it's crucial to map out how your company calculates, declares, and pays taxes today. The reform brings changes such as the unification of taxes (CBS and IBS) and the shift from the place of collection to the destination, which directly impacts the flow of tax operations.
Ask yourself:
- Are the current processes documented and clear to everyone involved?
- Are there manual bottlenecks that could delay adjustments to the tax model?
NetSuite allows you to model tax flows directly in your ERP system, automating steps and ensuring compliance even in the face of regulatory changes.
2. Updating tax codes
The new structure will require a review of the product and service tables, tax codes (CFOP, NCM, CST), and specific rules for calculating credits and debits.
Ask yourself:
- Is your product and service catalog up-to-date and complete?
- Does the ERP system have the flexibility to quickly incorporate new tables and codes?
NetSuite has tax localization modules for Brazil that can be quickly adapted to new requirements, reducing the risk of inconsistencies.
3. Integration between areas
Tax changes aren't just about finance or taxation. They also impact sales, purchasing, logistics, and IT, which need to operate in a coordinated manner to avoid errors or rework.
Ask yourself:
- Does your company hold meetings between departments to discuss tax impacts?
- Does the current system offer integrated data, or does each area work with separate reports?
NetSuite is a unified ERP system that connects all departments, from order to shipping, from accounts payable to inventory, ensuring that information is consistent throughout the company.
4. Automation of invoice issuance
The reform may require adjustments to layouts, automatic tax calculations, and the way invoices are issued and sent to the tax authority (SEFAZ).
Ask yourself:
- Is your NF-e and NFC-e issuance process fully automated?
- How would adjustments be made if the tax rates or required fields change?
With NetSuite's tax localization integrations for Brazil, you automate the issuance and authorization of invoices, maintaining compliance even in the face of new regulations.
5. Generating and analyzing reports
Oversight must become even more digital, with faster data cross-referencing between federal, state, and municipal levels. Being prepared to generate detailed reports is essential.
Ask yourself:
- Can your company generate detailed tax and financial reports in just a few clicks?
- Is there complete traceability of accounting and tax entries?
The ERP system offers dynamic dashboards and customizable reports, allowing you to track taxes, accrued credits, and ancillary obligations in real time.
Preparing now is the best investment.
The tax reform still has a path of regulations and adjustments to go through, but companies that get ahead will have much more security and peace of mind to operate.
Oracle NetSuite is the platform that brings all these needs together in one place: tax management, tax automation, departmental integration, and intelligent reporting. This allows you to focus on growth without worrying about chasing compliance.
Want to know how to prepare your company for this transition? Talk to Active and see how we can help you transform your business's tax management.
