Making An Invader Zim Costume

" ELECTRONIC BILL - AND THE COSTS?

may fall using the new electronic invoice

A new system for issuing electronic invoices promises to reduce bureaucratic costs and streamline the business relationship with the IRS. Launched in six Brazilian states (Sao Paulo, Bahia, Santa Catarina, Rio Grande do Sul, Goias and Maranhao) in April this year, and NF-(Electronic Invoice) was presented on Wednesday (10/05) to more than one hundred businessmen during a seminar at Fiesp. The systematic

began with a pilot project which involved 20 large companies, but from August will begin to serve others. Until then, the capacity to issue fiscal notes via the Internet will increase from 340 000 per month for 3 million per month. Already next year, the goal is to issue 30 million per month.

To join the second phase of the project, companies must report to the IRS, show interest and declare the amount of receipts (Model 1 or 1A, used for sales between businesses or car) that emit a monthly basis. Oller
Newton de Mello, project leader at the Treasury of St. Paul, stated that there will be, at least for now, mandatory membership, since we must conduct an investment that is around $ 300 thousand to $ 3 million.

According to him, the amount invested can be recovered in a few years with the e-NC, eliminating the cost of professional paper and document storage space. These costs can grab 2% to 5% of total revenue as the current legislation requires the printing 4-5 routes and keep a copy for a period of five years.

Wickbold bread maker joined the pilot project because they believe that with the electronic system will reduce tax evasion and reduce unfair competition. Within a month of activity, 7000 electronic invoices were issued, spending only 4 seconds for each batch.
"We saved paper and obtain logistical gains. The advantage of e-NC is that it can circulate throughout Brazil, "said Wilson Smith, representative who presented his experience during the seminar. Even before receiving the product purchased from a company, a state that is not part of the project can receive via the Internet via an invoice. (Source: FIESP of 12.05.2006)