INSS Deductions - Brazil Localization AP
Does any one know how to implement INSS deduction(reduction) for Brazil ? If we have a PV voucher and INSS taxes has to be applicable on the same.
For Taxable Amount = 100 BRL
INSS Tax Rate = 10%
Deductions/ Reductions = 10 BRL
INSS Taxable amount = (100-10) * 10%
= 9