Payables and Cash Management - EBS (MOSC)

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Brazilian PIS/COFINS/CSLL Withholding - Changing Setup according to the law. - Urgent

edited Jul 12, 2015 10:00AM in Payables and Cash Management - EBS (MOSC) 2 commentsAnswered

Hello,

Here in Brazil, a Withholding law changed in June,22th.

Before June,22th, Mininum Gross Amount for PIS/COFINS/CSLL was 5.000 Reais.

After June,22th, the government changed this Minimum Gross from 5.000 to 10.00. and the withwolding amount cannot be accumulated with another invoices from the same supplier paid in the same month, for example:

Pis/Cofins/CSLL rate is 4.65%.

Supplier X - Invoice 1

Invoice Amount = 100 Reais

4.65% from 100 reais = 4,65

There is no withholding for this invoice, because the withholding amount is less than 10 reais

Supplier X - Invoice 2

Invoice amount = 100 Reais

4.65% from 100 reais = 4,65

There is a withholding amount = 13,95 for this invoice. It could not be calculated, because the withholding amount is less than 10 reais

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