December 3, 2022

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Federal Revenue has launched the platform that will standardize the release of NFS-e

Federal Revenue has launched the platform that will standardize the release of NFS-e

The digital tax management platform has been launched and should unify electronic service billing. know more!

Estimated reading time: 3 Minutes

The digital tax management platform was launched on June 30, by the Federal Revenue Service, in order to standardize the Electronic Service Invoice (NFS-e) standard. The project was based on an agreement between the Federal District and the Brazilian municipalities.

NFS-s is responsible for the digital recording of service provisioning operations. The document is stored in the national environment by the city council, tax authorities or associated entities.

About the new standardization system NFS-e

The new platform offers many services related to tax administration that directly benefit companies and municipalities. The solution is designed through dialogues with federal entities to meet the specifics of municipal legislation.

In addition, it is able to serve municipalities with millions of residents and those with less than 60,000 inhabitants.

Jobs can be adapted to different company sizes, improving internal competitiveness and stimulating new investments.

Municipalities wishing to join the agreement can obtain more information at the Revenue Office and sign the joining clause. The program is implemented through a partnership between the Federal Revenue Service, the Brazilian Association of Capital Finance Trusts – Abrasf, the National Federation of Municipalities – CNM, the National Front of Mayors – FNP, Sebrae, Serpro, as well as 60 entities. and 114 companies.

e-invoice

An electronic invoice is a document, in digital form, that is used to formalize the sale of products and services, both in the physical environment and in the digital environment. It has been in force since 2006 in Brazil. NF-e manually replaces the paperwork used to issue the invoice.

Since its implementation, tax processes have become faster and simpler, in addition to reducing costs.

Types of electronic bills

There are some types of electronic bills in the country. However, the most common are:

  • Electronic Products Invoice (NF-e): Used when purchasing physical products in e-commerce or physical stores.
  • Electronic Service Bill (NFS-e): aims to provide services of any kind, such as medical clinics, gyms, schools, etc.
  • Electronic Consumer Invoice (NFC-e): Replaces the very common retail tax vouchers.

NFS-e فوائد Benefits

Like other electronic types, electronic service invoice offers many advantages to business such as lowering cost, legal and tax validity, reducing error opportunities, simplifying operations, enhancing security, enabling integration between cities, and many more.

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