1. Country-Specific Features
  2. Brazil Help Topics
  3. Brazil-specific SuiteApps
  4. Brazil Reports
  5. Tax Assessment for Brazil
  6. Assessing PIS and COFINS
  7. Including PIS and COFINS Withholding Information in Assessments

Including PIS and COFINS Withholding Information in Assessments

Note:

To access the Brazil Reports documentation in Brazilian Portuguese (Português do Brasil), see Brazil Reports.

When you create a PIS and COFINS assessment with the Include Withheld Taxes option enabled, NetSuite automatically creates withheld PIS and COFINS records.

NetSuite populates the records with information from outgoing transactions performed by the subsidiary during the assessment period that were subject to Contribuições Sociais Retidas na Fonte (CSRF) withholding. The system uses the CSRF to determine PIS and COFINS amounts.

To include the withholding information in the assessment, review the withheld PIS and COFINS records and fill in the required information.

To include PIS and COFINS withholding information in an assessment:

  1. Go to Reports > Brazil Reports > PIS and COFINS Assessment.

  2. Next to the assessment you want, click View.

    The PIS and COFINS assessment opens.

  3. Click the Outgoing Withheld Taxes subtab.

  4. Next to the withholding information you want to update, click Edit.

    The withheld PIS and COFINS assessment opens.

  5. In the Nature of the Withholding at Source field, select the nature of the withholding applied to the transaction.

    By default, NetSuite populates this field with the nature set in the customer record associated with the transaction. For more information, see Setting Up the Nature of the Withholding at Source for Customers.

  6. In the Withholding Date field, select the date according to your company's withholding obligations.

    By default, for transactions certified in the current assessment period, NetSuite populates this field with the date of the transaction's Recibo Provisório de Serviços (RPS). For transactions from previous assessment periods, the system leaves the field empty.

    • If your company withholds CSRF when certifying the transaction’s e-document, select the certification date as the withholding date.

    • If your company withholds CSRF when it receives the payment, select the payment date as the withholding date.

    • If your company withholds CSRF when it receives the payment, but hasn't been paid yet, clear the Withholding Date field.

      When you clear the field, NetSuite doesn't include these withheld PIS and COFINS amounts in the current assessment. However, the system makes the amounts available for inclusion in the next assessment.

  7. In the DARF Revenue Code field, enter the revenue code for the payment of the Documento de Arrecadação de Receitas Federais (DARF).

  8. In the Nature of the Revenue field, select the nature of the revenue that applies to the transaction.

    By default, NetSuite populates this field based on the tax regime of the subsidiary associated with the transaction.

  9. Click Save.

    Repeat these steps for all withheld PIS and COFINS records in the assessment.

Related Topics

General Notices