ICMS Code - Fiscal Value (76/II)

The fiscal value codes for ICMS tax indicate whether transactions are taxable, exempt, or eligible for a reduced tax rate. You can also use this code to indicate whether the tax can be recovered for a transaction. ICMS fiscal value codes for taxable transactions have a 1 in the Special Handling Code field.

This table displays the ICMS fiscal value codes that are hard-coded for Brazilian localization:

Codes	Description 01	Special Handling Code
1	Taxable	1
2	Exempt or Not Taxable	0
3	Other	.