Denominator Codes - 76/TD

Use the Denominator Codes UDC 76/TD to set up the tax codes for PIS, COFINS, and ICMS to derive the denominator for calculating the taxable base for calculation of taxes such as ICMS. The values in this UDC are used to derive the denominator of the taxable base formula. These values are hard-coded in Brazilian localization:

Codes	Description	Hard Coded
Blank	.	Y
PIS	Federal Social Contribution Tax	Y
COFINS	Federal Financing Security Tax	Y
ICMS	Brazilian State Tax	Y