Flavio Maluf Favors FiscalIncentive Laws

Flavio Maluf, President of Eucatex, stresses the need for tax incentive programs and discusses the benefits for companies. By approving Fiscal Incentive Laws, companies will have the opportunity to direct a portion of their taxes to foster the economic and social development of the country. Social, cultural, sporting, technological, scientific research and health programs could be funded and benefit society. Flavio Maluf feels this will promote strategic spending of money earmarked for taxes by companies. Maluf emphasizes that having the opportunity to build a positive image by associating its name with a social, cultural or sports project is a benefit tax incentive programs will provide. This may represent a financial saving in the advertising industry of the venture. Visit his website flaviomalufoficial.com to learn more.

The proposed legislation would include regional tax incentives where benefits are granted to businesses in certain regions. This promotes the development of the Western Amazon.

Mulaf also points out that the public administration can grant industry-specific incentives. This could work to stimulate a specific industry or particular economic activity. Incentives in the form of tax reductions, exemptions, and compensation allow companies to invest in operations and generate jobs moving the economy of the sector. Information technology, infrastructure, export companies, aerospace, port, agricultural, and audiovisual structures are examples of fields that would benefit from incentive laws.

Fiscal programs and incentives vary by state and can be federal, state or municipal. In order to take advantage of the incentives, a company must be taxed based on real profit. “If the company collects taxes for presumed or arbitrated profit, or opting to use the Simples Nacional, it is not able to use this type of incentive,” says Maluf.

Flavio Maluf has a mechanical engineering degree and over four decades of industry experience within his company Eucatex, a wood fiber lining company. In 1997 he succeeded his uncle as president of the enterprise.

Read more: http://www.botucatuonline.com/2018/02/01/flavio-maluf-explica-negocio-entre-eucatex-e-duratex-envolvendo-fabrica-em-botucatu/

 

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