COFINS Brazil Plug-in

Note:

To access the SuiteTax Latam Engine -Brazil Records documentation in Brazilian Portuguese (Português do Brasil), see SuiteTax Latam Engine -Brazil Records.

The COFINS Brazil plug-in enables you to calculate the Contribuição para o Financiamento da Seguridade Social (COFINS) tax on the purchases and sales of goods and services.

The following table summarizes the plug-in requirements and capabilities.

Plug-in Implementation	COFINS Brazil
Tax Code's Internal Name	COFINS_BR
Requires Parent Tax Determination Rules	No
Requires Parameter Types	Yes Requires a CST code. For more information, see Parameter Types for Brazil.
Supports Tax Basis and Tax Rate Override	Yes
Adds Expenses	Yes Adds shipping and handling costs, as well as expenses included in the Expenses subtab, to the tax calculation basis.
Changes the Tax Calculation Basis	Yes Reduces the COFINS tax calculation basis if the tax determination rules have: A tax determination settings record with: A COFINS tax code with the standard internal name. A CST code parameter type that enables the COFINS calculation. Some CST codes do not calculate COFINS. A tax determination settings record with: A COFINS tax code with the standard internal name. The Reduced PIS or COFINS Calculation Basis parameter type associated with a parameter value that represents the reduced tax calculation basis. Subtracts the ICMS tax amount from the COFINS tax calculation basis if: The tax determination rules record has a parent. The parent tax determination rules have tax determination settings with: An ICMS tax code with the standard internal name. The ICMS Exclusion parameter type. Subtracts the ISS tax amount from the COFINS tax calculation basis if: The tax determination rules record has a parent. The parent tax determination rules have tax determination settings with: An ISS tax code with the standard internal name. The ISS Exclusion parameter type.
Records Tax Calculation History	No

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