Creating Tax Code Records for Brazil in Accounts Without SuiteTax (Brazilian Hub SuiteApp)

To create tax code records for Brazil in an account without SuiteTax:

1. Go to Setup > Accounting > Taxes > Tax Codes > New.

   If you have multiple nexus records on your account, you must choose a country to associate with the tax code. If not, NetSuite opens a new tax code record.

2. Click Brazil.

3. In the Name field, enter the name exactly as described in the Brazilian Tax Code Records Chart for Accounts Without SuiteTax.

4. In the Description field, enter the same information you entered in the Name field.

5. In the Rate field, enter 0%.

6. In the Subsidiaries field, select one or multiple Brazilian subsidiaries.

7. Check the Include Children box to include the children of the selected subsidiaries.

8. In the Tax Agency field, select the tax vendor to which you submit tax reports and payments in Brazil.

9. In the Tax Type field, select the tax type record associated with the tax code.

   Select the tax type described in the Brazilian Tax Code Records Chart for Accounts Without SuiteTax. The tax type and the tax code always have the same name.

10. In the Available On field, select the type of transactions the tax code applies to.

    • For the tax codes COFINS-IMP-SERV, IRRF-IMP-SERV, ISS-IMP-SERV, and PIS-IMP-SERV, select Purchase Transactions.

    • For all the other tax codes, select Both.

11. (Optional) If applicable, check the Crédito checkbox.

    To verify the need to check the box, see Brazilian Tax Code Records Chart for Accounts Without SuiteTax.

12. (Optional) If applicable, in the Item Imposto Retido Venda field, select a discount item to which to post the tax withheld on sales transactions.

    To verify the need to select a discount item, see Brazilian Tax Code Records Chart for Accounts Without SuiteTax.

13. In the Conta Contábil Imposto Sobre Devolução de Venda field, select an account to which to post the tax on return authorizations.

14. In the Conta Contábil Imposto a Recuperar field, select an account to which to post the tax receivable amounts.

    • For the tax codes COFINS-IMP-SERV, IRRF-IMP-SERV, ISS-IMP-SERV, and PIS-IMP-SERV, select an asset account.

    • For other tax codes, you are not required to select an account from a specific group.

15. In the Conta Contábil Imposto sobre Vendas field, select an account to which to post the tax on sales accounts.

    • For the tax codes COFINS-IMP-SERV, IRRF-IMP-SERV, ISS-IMP-SERV, and PIS-IMP-SERV, select an income statement account.

    • For other tax codes, you are not required to select an account from a specific group.

16. (Optional) If applicable, check the Não Adiciona ao Total da Transação box.

    To verify the need to check the box, see Brazilian Tax Code Records Chart for Accounts Without SuiteTax.

17. (Optional) If applicable, in the Item Imposto Retido Compra field, select a discount item to which to post the tax withheld on purchase transactions.

    To verify the need to check the box, see Brazilian Tax Code Records Chart for Accounts Without SuiteTax.

18. (Optional) If applicable, check the Imposto Incluído ao Total da Transação box.

    To verify the need to check the box, see Brazilian Tax Code Records Chart for Accounts Without SuiteTax.

19. (Optional) If you reclassify the tax on services (ISS) amounts, in the Conta Contábil Reclassificação ISS field, select an account to which to post the ISS reclassified amounts.

    If you cancel electronic invoices for services outside the month of their certification, be aware of the type of account you must select:

    • If you can recover ISS amounts (ISS recuperável), select an asset account.

    • If you cannot recover ISS amounts (ISS não recuperável), select a liability account.

20. In the Conta Contábil Impostos a Recolher field, select an account which to post the tax payable amounts.

    • For the tax codes COFINS-IMP-SERV, IRRF-IMP-SERV, ISS-IMP-SERV, and PIS-IMP-SERV, select a liability account.

    • For other tax codes, you are not required to select an account from a specific group.

21. Click Save.

Brazilian Tax Code Records Chart for Accounts Without SuiteTax

For accounts without SuiteTax, refer to the following chart to create the tax code records for Brazil.

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