tributário Flashcards
What is the main purpose of tax law?
To regulate the imposition and collection of taxes by the government.
True or False: Tax law only applies to individuals.
False
Fill in the blank: The principle of __________ states that taxes should be equitable.
fairness
What is the difference between direct and indirect taxes?
Direct taxes are paid directly by individuals or organizations, while indirect taxes are levied on goods and services.
Which document governs tax law in Brazil?
The Brazilian Constitution.
True or False: Tax evasion is a legal way to minimize tax liability.
False
What does the term ‘tax base’ refer to?
The total amount of income, property, or sales that is subject to taxation.
Multiple Choice: Which of the following is NOT a type of tax?
Import tariff
What is a tax exemption?
A provision that allows certain individuals or entities to reduce or eliminate their tax liability.
Fill in the blank: __________ is the legal process of contesting a tax assessment.
Tax appeal
True or False: The statute of limitations for tax assessments is usually 5 years.
True
What is the role of the Receita Federal in Brazil?
It is the federal revenue service responsible for tax collection and enforcement.
Multiple Choice: Which tax is primarily based on income?
Income tax
What is a tax deduction?
An expense that can be subtracted from taxable income to reduce tax liability.
Fill in the blank: The __________ is a tax that is levied on the transfer of property upon death.
inheritance tax
True or False: VAT is an example of a direct tax.
False
What is the significance of the principle of legality in tax law?
It states that no tax can be created or increased without a law passed by the legislature.
Multiple Choice: Which of the following is an example of indirect tax?
Sales tax
What is tax liability?
The total amount of tax that a taxpayer is legally obligated to pay.
Fill in the blank: __________ refers to the illegal practice of not reporting income to reduce tax liability.
Tax evasion
True or False: Tax credits are more beneficial than tax deductions.
True
What does the term ‘tax audit’ mean?
An examination of a taxpayer’s financial records by the tax authorities.
Multiple Choice: Which entity has the authority to impose taxes?
Government
What is the purpose of fiscal incentives?
To encourage certain behaviors or investments through tax reductions or exemptions.
