VGM DRAFT/BL

SYSTEM SISCOSERV

BECAUSE IN THE CURRENT ECONOMY
YOUR SERVICE IS EXTREMELY VALUABLE.


The advancement in technology has transformed the market, expanded our communication possibilities and increased confidence in international relations. This reflects directly on consumer behaviour giving everyone more freedom to hire specialised services, regardless of geographical location.

INTEGRATED
SYSTEM OF
TRADE IN
SERVICES.


Some of the most valuable companies in the world today provide services with almost no physical structure. Their value lies in intangible assets, which can simply no longer be ignored by the economy.

Even faced with so much technology and data crossing it’s still necessary and mandatory to provide relevant information regarding each financial action. Therefore, the Federal Government has implemented a system that aims to improve the actions of stimulating, formulating, monitoring and measuring the public policies related to services and intangibles that directly impact our economy.

SISCOSERV (Integrated System of Trade in Services) works as a Brazilian measurement tool for international trade in services. Through this system, Ministry of Finance, Federal Revenue Secretariat of Brazil (RFB) and Ministry of Economy have access to detailed information to estimate import and export of intangible services and other operations that produce equity variation.

There are two modules: sale of service abroad or acquisition of service abroad.

Each module contains modes of provision of services identified according to the location of the provider and the borrower as set out in the General Agreement on Trade in Services (GATS) described below:

SALES MODULE


To record the sale of services, intangibles and other operations that produce equity variation - by residents or domiciled in the country, to residents or domiciled abroad. This module also covers the registration of operations carried out through commercial presence abroad.



ACQUISITION MODULE


For the registration of services, intangibles and other operations that produce equity variation, acquired by residents or domiciled in the country of residents, resident or domiciled abroad.





HERE ARE SOME APPLICATION EXAMPLES:


A professional travels abroad to provide a service that will be charged to the customer (Sales Module);

This same professional consumes lodging and food services (Acquisition Module);

A company pays commission to an agent abroad (Acquisition Module, even though it is an export agent);

The IT area buys foreign provider software via the web (Acquisition Module);

Provision of services, in Brazil, to a foreign client (Sales Module);

Company hires a foreign professional, who travels to Brazil to provide service (Module Acquisition);

A Brazilian hospital performs surgery on a foreign patient (Sales Module).

WHO IS REQUIRED TO REGISTER OPERATIONS IN SISCOSERV:


I - the provider or the borrower of the service residing or domiciled in Brazil;

II - the individual or legal entity, resident or domiciled in Brazil, that transfers or acquires the intangible, including intellectual property rights, through assignment, concession, licensing or by any other means admitted in law;

III - the individual, legal entity or legal representative of the depersonalised entity, resident or domiciled in Brazil, that carries out other operations that produce equity variation.

The obligation of registration also extends:

I - to the export and import operations of services, intangibles and other operations;

II - transactions carried out by means of commercial presence abroad related to the legal entity domiciled in Brazil, according to item "d" of Article XXVIII of GATS (General Agreement on Trade in Services), approved by Legislative Decree No. 30 of 15 of December 1994, and promulgated by Decree No. 1355 of December 30, 1994.


WE CAN
HELP YOU.


In order to help your company navigate this new scenario, we have a specialised and qualified team to identify all mandatory processes for registration in SISCOSERV and guarantees peace of mind on your international operations, as there are deadlines for the operations records and penalties that can (and should) be avoided.

We offer complete support that includes execution, documentation screening, analysis, classification and records of company operations, with the knowledge to analyse all the elements relative to each of the NBS - Brazilian Nomenclature of Services classifications.


TO FIND OUT MORE,
TALK TO ONE OF OUR
EXPERTS.



Source of technical information:
https://www.ecommercebrasil.com.br/artigos/siscoserv-voce-ja-fez-sua-declaracao/

WHO IS NOT
REQUIRED:


The exemptions from the obligation to provide information through Siscoserv in operations in which they have not used public mechanisms to support foreign trade in services, intangibles and other operations referred to in art. 26 of Law 12,546 / 2011 apply to:

- legal entities opting for Simples Nacional (a Brazilian tax modality) and individual microentrepreneurs (MEI);

- individuals who are residents in the country however, in their individual name, do not habitually and professionally exploit any economic activity of a civil or commercial nature, for the speculative purpose of profit, provided that they do not carry out operations in excess of US $ 30,000.00, or the equivalent in another currency, in the month (limit of value established by Decree MDIC 261/2013, previously, the limit was US $ 20,000.00).

A SERVICE FOR
ANYONE WHO UNDERSTANDS
SERVICE.


FULL
LOGISTICS


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