IPI Code - Fiscal Value (76/IP)

The fiscal value codes for IPI 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. IPI fiscal value codes for taxable transactions have a 1 in the Special Handling field.

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

Codes	Description 01
1	Taxable
2	Exempt or Not Taxable
3	Other