Understanding MANAD Reports
Companies in Brazil are required by law to provide information about them when requested by Government authorities, such as AFPS (Auditor Fiscal da Previdência Social). Authorities collect a wide range of information pertaining to company’s finance, accounting, assets, workers and so on, and these reports must be generated in a standard digital format – MANAD (Manual Normativo de Arquivos Digitais) predefined by law.
Global Payroll for Brazil provides the ability to generate the MANAD report that lists worker’s payroll information, such as social welfare contributions and income tax.