Angelo Ambrizzi
Lawyer at Marcos Martins Advogados
Implementing assertive tax management is one of the biggest challenges for every entrepreneur. This is because tax legislation is vast and complex, and the tax burden is excessive.
Brazil is one of the countries with the highest tax collection in the world. Even in the midst of the pandemic crisis, around R$1.685 trillion was collected in 2021 – a record amount noted by the Receita Federal.
Fortunately, important technological advances are helping decision-making in various business areas, contributing to effective management of both taxes and finances.
Around 40% of national companies have already adopted Artificial Intelligence in some of their business processes, according to a survey commissioned by IBM and carried out by Morning Consult.
It is undeniable that artificial intelligence used in industrial processes can greatly increase productivity, contributing to greater knowledge of the workforce, according to a study by IDC – an idea that is certainly applied to cash flow control.
With AI applied to tax management, those responsible for making strategic business decisions are able to view, in interactive spreadsheets, management data on tax liabilities and assets, as well as obtaining various payment scenarios, generated automatically based on the history of legislative changes, especially in the granting of special installments.
The use of technology in organizational tax management makes it possible to automate the process of detailed auditing of all tax liabilities, in order to search for debts affected by decay, prescription, mapping of duplicate collections, defects in tax debts related to the illegality or unconstitutionality of each case, based on the analysis of extensive data from judgments handed down by judicial and administrative courts.
Once this information has been processed, it is possible to draw up a management report covering various debt equalization scenarios, through installments, transactions, guarantees, recovery of credits for offsetting, etc.
Compiling and analyzing data and transforming it into strategic information is a powerful tax management tool, making it possible to modulate the company’s finances so that it can meet its liabilities.
It’s worth remembering that the tax authorities, especially at federal level, are increasingly using technological tools and the most advanced BI (Business Intelligence) techniques in the collection of active debt. For some time now, the Attorney General’s Office has been using the “PGFN Analytics” system, through which relevant information is presented graphically for decision making by prosecutors, ranging from signs of reduced economic activity, dilapidation of assets, fraudulent departure of partners, tax foreclosure fraud and business succession.
The increasingly frequent use of technology by the tax authorities means that taxpayers need to rely on equally technological tools to manage their tax demands efficiently.
Human and artificial intelligence need to work together in order to successfully control companies’ tax liabilities and assets. Only in this way will it be possible to identify the best solutions for paying debts and recovering credits.
Angelo Ambrizzi is a lawyer specializing in Tax Law from IBET, APET and FGV, with an Extension in Finance from Saint Paul and in Turnaround from Insper and Head of the Tax area at Marcos Martins Advogados.
About Marcos Martins Advogados: Founded in 1983, Marcos Martins Advogados is highly regarded in the areas of Corporate, Tax, Labor and Business Law. Based on values such as commitment, ethics, integrity, transparency, responsibility and the constant specialization and improvement of its professionals, the firm positions itself as a true partner for its clients.
