The electricity sector has been gathering strength over time in expanding production and commercialization.
The commercialization market has its own accounting and tax specificities and is subject to federal special regimes that can substantially change the way federal taxes are calculated. At the state level, it is subject to ICMS tax incidence, with each state imposing its own regulations.
This alone would make the tax and accounting dimensions of the sector complex enough, but we are actually dealing with an eccentric type of asset, significantly increasing the challenge in this area.
On the generation side, we have the electricity sector gathering strength over time in expanding the production of alternative energies, including solar energy for which Brazil has great potential.
Being a new segment in the economy and also due to the enormous level of demand and control by ANEEL (National Electric Energy Agency), this sector has great regulatory complexity. The recent promulgation of Law 14.300/22, better known as the legal framework for microgeneration and distributed mini-generation, brought a little more clarity to the segment, but it is still a sector where entrepreneurs need to be well advised.
For both segments (commercialization and generation), we have in common the need for absolute transparency in disclosing data and information about performance to a wide variety of stakeholders and users (Regulatory Agencies, shareholders, analysts, employees, consumers, national and international financial institutions, national and foreign investors, creditors and the general public), making Accounting in this sector absolutely strategic.
In our team and group of partners, we have professionals remaining from important players in this complex sector, which allows us to understand this complexity and act in a consultative manner for our clients.