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Sindmóveis answers questions about the exemption from payroll tax

Taking effect in August, a provisional measure will change the model of the Social Security payment used by furniture companies   The Furniture Industry Association of Bento Gonçalves (Sindmóveis) has been promoting a series of meetings for the member companies, accounting firms and legal firms to answer questions about Provisional Measure no. 563/2012,  which included furniture manufacturers in the sectors that will collect the Social Security payment based on income, instead of the percentage of 20% on the payroll.   The new law will take effect on August 1, when furniture companies will pay the equivalent of 1%  of their gross revenue, excluding export sales value, payment of IPI (tax on manufactured products), returns and discounts. Initially, the measure will bring greater benefit to companies with less automated production and high rates of hired labor – approximately 85% of the member companies of Sindmóveis.   However companies with higher added value in their production and which outsource labor might not be able to benefit at the beginning. “Nevertheless, taking into account the seasonality of the market, also the companies that feel disadvantaged will benefit during  the months of low income – more particularly when they are below 70% of their turnover capacity,” says the  labor law director of Sindmóveis, Gilberto Bertarello. The next debate promoted by Sindmóveis on the subject will be held on July 26 and is aimed at the member companies, accounting firms and lawyers. The debate will be attended  by the labor law  director and vice-director of Sindmóveis, Gilberto Bertarello and Rafael Marchetto, in addition to lawyer Enio Ghelen, from Ghelen Contabilidade.