The new FGTS system is scheduled to start on the 1st of March, 2024, which will become FGTS Digital.
FGTS Digital is a new form of integrated management of the entire FGTS collection process, whose main objective is to improve collection and provide information to employees and employers in relation to FGTS resources.
With this implementation process to pay the FGTS – Severance Indemnity Fund Contribution (FGTS) by the employer must be made in the Pix – Collection mode.
This new system aims to ensure that the amounts owed to employees are effectively deposited in their accounts, in addition to allowing companies to issue quick and personalised guides, consult statements, request compensation, refunds, and more.
The generated ticket for payment will have a QR Code for scanning and payment can be made directly through the application or website of the employer’s financial institution.
With this change in payment method, it is recommended that the company already check with the bank that works with its limitations of volumes/values for this type of payment, so avoiding setbacks when paying the first instalment. The law in its entirety and more details can be consulted at: FGTS Digital — Ministério do Trabalho e Emprego (www.gov.br).
Can Auxadi help?
Auxadi can become your ideal partner. We offer a one stop shop value added outsourcing services in the areas of accounting and reporting, tax compliance, payroll management and representation services, among others.
Local Knowledge – International Coverage
Founded in 1979, Auxadi is a family-owned business working for multinational corporations, private equity funds and real estate funds. It’s the leading firm in international accounting, tax compliance and payroll services management connecting Europe and the Americas with the rest of the world, offering services in 50 countries. Its client list includes many of the top 100 PERE companies. Headquartered in Madrid, with offices in US and further 22 international subsidiaries, Auxadi serves 1,500+ SPVs across 50 jurisdictions.
All information contained in this publication is up to date on 2022. This content has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice.No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this content, and, to the extent permitted by law, AUXADI does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.