Page 48 - ABIHPEC ANUARIO 2018
P. 48
248 2018 YEARBOOK
TAX THEMES
According to the World Bank's Doing Business
report released in October 2017, Brazil is one of
the countries where companies spend the most
time in preparing and paying taxes. The total is
1,958 hours per year, six times more than the av-
erage 332 hours recorded in Latin American and
Caribbean countries. Such performance leads not
only to a loss of productivity and competitive-
ness in the market, but also to increased costs.
With the purpose of assisting the industry
with updates and prevention and reaction ac-
