Um estudo sobre as alternativas de remuneração aos acionistas e o efeito tributário

Abstract

The high Brazilian tax burden leads companies to seek means to reduce tax expenses, as they represent a significant portion of total costs. Tax planning is a tool that organizations have for tax avoidance. One of the likely points of tax planning is the compensation to shareholders. The two forms of remuneration that were treated in this work are dividends and Interest on Own Capital (IOC). This study aims to assess whether companies are maximizing the tax benefit associated with shareholder remuneration. For this purpose, a comparative analysis is performed between the forms of shareholder remuneration through a case study and a verification of whether the adoption of Interest on Own Capital there is a possibility of maximizing the tax benefit for the companies. The scientific method of investigation used in this work was the deductive method. As for the achievement of the objective, it is a descriptive research. With regard to approaching the problem, the study is qualitative. In relation to the procedures, the following methods were used: bibliographical, documentary and multi case study with the companies: MRS Logística, M. Dias Branco, Iochpe Maxion and Arezzo Indústria e Comércio. A comparative analysis was carried out between the actual situation of how companies remunerate their shareholders and the simulated situation as a second form of remuneration. It was assessed whether the companies in their actual situation were maximizing the tax benefit and providing higher shareholder remuneration. The results showed that there was a tax savings provided by the use IOC, as well as an increase in the percentage of remuneration. It is concluded that tax planning, through the use of IOC as a form of remuneration, is an essential tool to reduce the tax impact on the company.