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What is tax?

Tax is a financial obligation imposed by the State on individuals and legal entities that have income, assets or financial transactions. The purpose of the tax is to finance public services offered by the State, such as health, education, public security, infrastructure and others. There are different types of taxes, such as Income Tax, Tax on Industrialized Products (IPI), Tax on Circulation of Goods and Services (ICMS), Urban Property and Territorial Tax (IPTU), among others.

Os taxes are regulated by tax laws and rules that determine who is subject to payment, the amount to be paid, due dates and penalties in case of non-compliance with tax obligations. It is important to highlight that tax evasion, that is, the attempt not to pay taxes due, is considered a serious infraction and can result in fines, imprisonment and other legal sanctions.

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* The text of this article was partially generated by artificial intelligence tools, state-of-the-art language models that assist in the preparation, review, translation and summarization of texts. Text entries were created by the Curto News and responses from AI tools were used to improve the final content.
It is important to highlight that AI tools are just tools, and the final responsibility for the published content lies with the Curto News. By using these tools responsibly and ethically, our objective is to expand communication possibilities and democratize access to quality information.
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