Setting Up the Nature of the Calculation Basis for Credit

Associate a nature of the calculation basis to each transaction nature you use in your transactions.

If your company receives PIS or COFINS credits from other sources besides its main business activity, set up a nature of the calculation basis for credit. Other sources include, for example, the purchase of electricity, natural gas, or water used in manufacturing or the provision of services.

When you generate EFD Contribuições files, NetSuite fills in the nature of the calculation basis for credit fields based on the transaction nature you set up.

To set up a nature of the calculation basis for credit:

  1. Go to Setup > Brazil Reports > Nature Credit Calc. Basis.

  2. Next to the nature of the calculation basis for credit you want to set up, click Edit.

    The nature of the calculation basis for credit record opens.

  3. In the Transaction Nature field, select the transaction nature you want to associate with this nature of the credit calculation basis.

  4. Click Save.

Related Topics

General Notices