Financial - JDE1 (MOSC)

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Brazil Localization - Change in the law to calculate the taxes(PIS, COFINS, CSLL)

edited Aug 26, 2015 10:03AM in Financial - JDE1 (MOSC) 2 commentsAnswered

Hello All,

 

we are dealing with one Brazil localization issue (change in Law). As the new law applies to all clients in Brazil, would like to know if anyone has worked upon the same and would be appreciated if share the inputs on it.

 

Requirement:-

 

Currently, for PIS/PASEP, COFINS, and CSLL withholdings, if the accumulated gross amount in a month (per Supplier) is greater than the minimum amount that is entered in the Minimum Withholding Amount processing option in the Brazilian Payment Process - PO program (P76B470), the retention is calculated.

 

The new obligation/rule now is: if the gross amount of each Voucher (per Supplier) is greater than the minimum amount that is entered in the Minimum Withholding Amount processing option in the Brazilian Payment Process - PO program (P76B470), the retention is calculated.

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