1. Country-Specific Features
  2. Brazil Help Topics
  3. Brazil-specific SuiteApps
  4. SuiteTax Latam Engine - Brazil Records
  5. Setting Tax Information in Subsidiary Records for Brazil

Setting Tax Information in Subsidiary Records for Brazil

Note:

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

In Brazil, the tax determination process depends on the tax regime to which a subsidiary adheres and the line of business the company operates in. The determination process may also be affected by other conditions, such as tax benefits or other particularities within a tax regime.

Set the relevant tax information on the subsidiary records of Brazilian companies.

To set tax information in a subsidiary record for Brazil:

  1. Go to Setup > Company > Classifications > Subsidiaries.

  2. Click Edit next to the subsidiary you want.

  3. In the SuiteTax Latam Engine Line of Business field, select the line of business in which the subsidiary operates.

    The SuiteTax Latam Engine - Brazil Records SuiteApp provides a few predefined line of business. You can create a new one to suit your needs. For more information, see Creating Lines of Business in the SuiteTax Latam Engine.

  4. In the SuiteTax Latam Engine Tax Regime field, select the tax regime to which the subsidiary adheres.

    The SuiteTax Latam Engine - Brazil Records SuiteApp provides a few predefined tax regimes. You can create a new one to suit your needs. For more information, see Creating Tax Regimes in the SuiteTax Latam Engine.

  5. (Optional) If the subsidiary is entitled to a tax relief under Brazil's Federal Law for Cultural Incentive (PRONAC 8.313/1991), check the Cultural Sponsor box.

  6. If you selected Optante pelo Simples Nacional as the tax regime, do the following:

    1. In the CRT Code field, select the Código de Regime Tributário (CRT) code that applies to the subsidiary.

    2. If you generate electronic invoices for services or electronic invoices for goods and services (NF-e conjugada), in the Special Tax Regime on Simples Nacional field, select the type of municipal tax regime to which you adhere.

    3. If you generate electronic invoices for services with the NFS-e Nacional standard, in the Tax Assessment on Simples Nacional field, select the regime with which you assess municipal and federal taxes.

    4. In the ICMS Credit on Simples Nacional field, enter the percentage amount of ICMS tax credit you want to apply to your invoices.

  7. To calculate taxes with the SuiteTax Latam Engine, assign a tax registration to the subsidiary.

    To assign a tax registration, do the following:

    1. Click the Tax Registration subtab.

    2. In the Country column, select Brazil.

      When you select the country, the Nexus column automatically displays the Brazil nexus. If a tax agency is associated with the nexus record, the Tax Agency column is also populated with the tax agency.

    3. If no tax agency appears in the Tax Agency column, review the nexus record and verify if there is a tax agency set.

      For more information about nexuses and tax agencies, see Setting Up Nexuses in SuiteTax.

    4. In the Tax Engine column, select SuiteTax Latam Engine Plug-in.

    5. In the Effective From column, select a date from which the nexus is in effect for the subsidiary.

    6. Click Add.

  8. Click Save.

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