BLOCO K: What are the deadlines to compliance?

In our previous publication, we made a presentation of the impact of the Block K’s (or Bloco K, in Portuguese) implementation on the behalf of companies and made the alert on the cost of nonconformity, right?

Now, going a little deeper in this subject, we will detail the deadlines and characteristics of the companies that fit the obligation to provide Bloco K.

The year 2019 will be the first year that effectively ALL companies acting in Brazil will need to submit complete Bloco K notices.

The first will be the large companies, who already have a scheduling by segment defined until the year 2022. Companies with a turnover of less than R$ 300,000,000.00 are waiting for the definition that should be announced soon by CONFAZ and the Brazilian Department of Federal Revenue.

The following is a general summary of actions to be taken starting next year by companies required to submit information in Bloco K of EFD-ICMS / IPI:

(1) For companies with a turnover of less than R$ 78,000,000.00

As of January 1, 2019, according to the provisions of the SINIEF Adjustment No. 25/2016, the industrial establishments (Divisions 10 to 32 of the CNAE), the wholesale establishments (Groups 462 to 469) and those obliged to complete the K200 and K280 records of Bloco K of the EFD-ICMS / IPI.

(2) For companies with annual sales of R $ 300,000,000.00 or more

Effective January 1, 2019:

• Complete bookkeeping of Bloco K, for industrial establishments classified in divisions 11, 12 and 291, 292 and 293 of the CNAE, which are the manufacturers of beverages, tobacco products, automobiles, trucks, cabins, bodies and trailers.

Effective January 1, 2020:

• Complete bookkeeping of Bloco K, for the industrial establishments classified in divisions 27 and 30 of the CNAE, which are the manufacturers of Machines and electrical materials and other transport equipment.

From the 1st of January 2021:

• Complete bookkeeping of Bloco K, for the industrial establishments classified in division 23 and groups 294 and 295 of the CNAE, which are non-electrical materials manufacturers, manufacture of parts and accessories for motor vehicles, and reconditioning and recovery of engines.

From the 1st of January 2022:

• Complete bookkeeping of Bloco K, for industrial establishments classified in divisions 10, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 24, 25, 26, 28, 31 and 32 of the CNAE, who are the manufacturers of the other categories.

As we said in the previous publication, the time has come for companies to invest in control mechanisms, and systemic automation, technical qualifications that enable reliable accounting and tax records and records that support the information that will be transmitted by EFD-ICMS / IPI through Bloco K.

To do this, count on the advice of a company that for more than 10 years has been contributing to make its clients more efficient in their back office operations, offering solutions for outsourcing accounting and tax services and achieve better results.

Contact us for an evaluation.