State Secretaries of Finance decided to postpone the deadline for implementation of SPED Block K by Large companies to in January 2017. The tool is part of the Public Digital Bookkeeping System (SPED) and requires the electronic submission of detailed data on the movement of stocks by companies the tax authorities.
The extension benefits companies with annual revenues of R$ 300 million. Prior to the change of term, they would be required to deliver this information as from January 1, 2016.
The date was extended by the Secretaries during the 159th meeting of the National Council for Financial Policy (Confaz), last Friday. The decision on the new date should be published this week in the Official Gazette.
Two main reasons were pointed out by the Permanent Technical Committee (Cotepe) Confaz for extending the deadline. The difficulties of some sectors have been deployed to meet the new rules and the possibility of discussing the relaxation of the requirement.
Block K gather information on raw materials and their respective amounts to a control of the production process. Today, the tax authorities have access to input and output drives of companies through electronic invoicing, but do not know the formula of transforming inputs in products to be marketed by the industry. And it is this formula which must be informed in deployment tool.
This requirement, however, eventually leaving the companies concerned because of the risk of access to trade secrets from competitors. The lawyer Douglas Mota, of Demarest, said the bank was preparing to join lawsuits in 16 states before the amendment of the periods. “They all had as main argument the possibility of breach of trade secret,” he says.
The National Confederation of Industry (CNI) wants to discuss the model of Block K. In addition to the confidentiality of the companies producing formulas, the industry questioned whether the tax authorities will be able to process all this information that will be generated.
There is also discussion of the costs that will be generated with the implementation of the tool. According to estimates of the Toy Manufacturers Association (Abrinq), to spend 3% of their productivity companies to keep the program information required by Block K.
The president of the Brazilian Electrical and Electronics Industry Association, Humberto Barbato, the decision of Confaz is an important step to expand that discussions on the requirement of the tool. “The complexity required by Block K would create a bureaucratic burden that the industry could not meet. It would be virtually impossible to be fulfilled. ”
In October, through SINIEF Set No. 8, the board had authorized the postponement of the deadline for industries with annual revenues less than R $ 78 million – the deadline initially also was in 2016 and will now be on January 1, 2017. Industries and wholesale merchants were able to further deadline: January 1, 2018.
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