What is PIS? O PIS (Social Interaction Program) is a tax contribution of a social nature, with the objective of finance the payment of unemployment insurance, salary bonuses and participation in the revenue of the agencies and entities.
Taxpayers are legal entities governed by private law and leveled with them by the Income Tax legislation. That is, who pays the PIS contribution It's the company you work for.
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It is paid every year to the employee of private company. The main objective is the integration of the private sector employee with the development of the company.
This program was created in 1970 during the Military dictatorship, by the Brazilian military, through Complementary Law 7/1970 n° 7. It was intended for workers of private companies governed by the Consolidation of Labor Laws (CLT).
The payment of PIS is the responsibility of Caixa Econômica Federal and administered by the Ministry of Finance. The benefit is paid according to a schedule established by Caixa Econômica Federal, taking into account the month of birth of the beneficiaries.
To receive the professional, you need to be registered with the PIS and this registration must be done by the employer when the employee is hired in the first job. In some cases, people enrolled in the PIS receive a salary bonus, which is equivalent to the current minimum wage.
The amount paid is up to one minimum wage and varies according to the time worked, being analyzed whether you worked the whole year or a number of months.
PIS is also associated with the PASEP (Public Servant Heritage Formation Program), which is linked to the contribution to the fund destined for public sector employees. Payment of PASEP is made by Banco do Brasil.
PIS numbers can be found in some documents such as:
Know more: Learn how to consult the PIS by phone and PIS application
