1.6 – ISS – Barueri
Barueri has adopted a policy of imposing a 2% service tax on the majority of services. The 2% rate applies to every service within the 15-service group for banking and financial related services or seviços relacionados ao setor bancário ou financeiro with the examples below.
Description Service Code Tax Rate
Banking and financial services 15.00.01.2.1-8 2.00%
Administration of mutual funds 15.01.01.2.1-7 2.00%
Administration of any type of funds 15.01.02.2.1-6 2.00%
Administration of consortium 15.01.03.2.1-5 2.00%
Administration of credit cards 15.01.04.2.1-4 2.00%
Banking debt collection 15.10.01.2.1-6 2.00%
Compensation of any type of checks or titles 15.15.01.2.1-1 2.00%
Service codes taken from Brazil. Municipality …show more content…
2%
Service codes taken from Brazil. Finanças E Desenvolvimento Econômico. Municipal Secretary. IN-SF/SUREM No 8. City of São Paulo, 18 July 2011. Web. 02 Dec. 2015. Own translation.
In November of 2015, a new service code was added to the July 2011 tax normative number eight. The service code 15.10 - 05895 was added with a tax rate of 2%. The code is for companies providing services similar to 05877 but specifically payment facilitator companies, or a non-acquiring PSP. The description of the service is:
Services which encompass services related to billing, receipts and payments in general, of any securities, of accounts or booklets, of foreign exchange, of taxes and on behalf of third parties, including those made via electronic or automatic means or via answering machines; provision of billing, receipt or payment position; issuance of booklets, compensation forms, printed and documents in general. (São Paulo ISS Tax Code, 2011, Own translation) The new service code builds on this and most accurately fits a non-acquirer PSP with a payment facilitator business model as shown below in the new code and
Barueri has adopted a policy of imposing a 2% service tax on the majority of services. The 2% rate applies to every service within the 15-service group for banking and financial related services or seviços relacionados ao setor bancário ou financeiro with the examples below.
Description Service Code Tax Rate
Banking and financial services 15.00.01.2.1-8 2.00%
Administration of mutual funds 15.01.01.2.1-7 2.00%
Administration of any type of funds 15.01.02.2.1-6 2.00%
Administration of consortium 15.01.03.2.1-5 2.00%
Administration of credit cards 15.01.04.2.1-4 2.00%
Banking debt collection 15.10.01.2.1-6 2.00%
Compensation of any type of checks or titles 15.15.01.2.1-1 2.00%
Service codes taken from Brazil. Municipality …show more content…
2%
Service codes taken from Brazil. Finanças E Desenvolvimento Econômico. Municipal Secretary. IN-SF/SUREM No 8. City of São Paulo, 18 July 2011. Web. 02 Dec. 2015. Own translation.
In November of 2015, a new service code was added to the July 2011 tax normative number eight. The service code 15.10 - 05895 was added with a tax rate of 2%. The code is for companies providing services similar to 05877 but specifically payment facilitator companies, or a non-acquiring PSP. The description of the service is:
Services which encompass services related to billing, receipts and payments in general, of any securities, of accounts or booklets, of foreign exchange, of taxes and on behalf of third parties, including those made via electronic or automatic means or via answering machines; provision of billing, receipt or payment position; issuance of booklets, compensation forms, printed and documents in general. (São Paulo ISS Tax Code, 2011, Own translation) The new service code builds on this and most accurately fits a non-acquirer PSP with a payment facilitator business model as shown below in the new code and