Tax & Compliance
Required bookkeeping ledger for self-employed professionals in Brazil to record deductible expense.
The Livro Caixa is the bookkeeping ledger required for self-employed professionals in Brazil who want to deduct expenses on the IRPF (personal income tax). Mileage proven with a standardized receipt (origin, destination, distance, purpose, amount) qualifies as activity-maintenance expense. The Receita Federal requires monthly entries and a 5-year archive of supporting documents. The deduction reduces the IRPF taxable base.