A mandatory fiscal document in Brazil, it serves as an official record of a commercial transaction or service provision. This instrument, issued by businesses, details crucial information such as the involved parties, the products or services exchanged, the corresponding amounts, and applicable taxes. A common example is a receipt provided after purchasing goods at a retail store; this receipt, if issued in compliance with Brazilian tax regulations, functions as this particular kind of legally-required record.
Its importance stems from its role in ensuring tax compliance and revenue collection for the Brazilian government. Businesses are obligated to issue these documents for nearly all transactions, enabling accurate tracking of sales and preventing tax evasion. Historically, these records were paper-based; however, the system has largely transitioned to electronic formats, improving efficiency and reducing administrative burdens. Its use provides a mechanism for businesses to demonstrate transparency and adherence to fiscal responsibilities.
