Natura is assessed by revenue in R $ 628 mi

SAO PAULO-the IRS is charging the cosmetics manufacturer Natura a difference of taxes not collected, plus interest and penalties, totaling R $ 627,8 million. The company itself has reported yesterday having received two violation notices on December 20.
According to Natura, its subsidiary Natura cosmetics industry and Commerce Ltda. was informed in December two violation notices from the recipe, that require differences in the IPC (R $ 297,1 million, plus penalties and interest), PIS (R $ 58.4 million, plus penalties and interest) and Cofins (R $ 272,3 million, plus interest and penalty) which, in the view of the recipe, the subsidiary would have left to collect in the course of 2008, due to adopt as the basis of calculation of these taxes rates considered incorrect.
According to a statement from the company to the market, the violation notices questioning, basically, how firms are organized (industry and wholesale distributor) and the formation of the basis of calculation of federal taxes IPI, PIS and Cofins.
Natura also said it will lodge a petition for judicial review to the infraction files of legal documents within. The company said consider, "based on the opinion of its internal and external lawyers, that the risk of loss associated with this tax procedure is remote". Natura says he has observed "the law fully of the facts", and States that "proof that the procedure adopted is legitimate."
Structure. The company also said in his statement that since 1994 has the current organizational structure, which segregates industrial and commercial operation in distinct legal entities, corporate organization, and that the object of the tax assessments, is widely adopted by various sectors of the economy.
"Finally, the Natura informs that has already been questioned in 2005 by the Federal Revenue of Brazil, regarding the incorrect recollection of the IPC, under similar arguments proved that fulfilled the laws and obtained a favorable decision for cancellation of assessments at the administrative level."