IR

Brazil Tax Information

Specify the tax code that the system uses to determine the tax rate for the vouchers being processed. The system applies the tax rate that is associated with the tax code in the F76B0401 table.

Payment Terms Code

Specify the code that identifies the terms of payment. You set up codes in the Payment Terms program (P0014). If you leave this processing option blank, the system identifies the current period that is set up in the fiscal date pattern, and then uses the payment term that is associated with the current period. You set up the association between payment terms and current periods in the Cross Reference - Due Date Tax (76B/VE) UDC table.

Pay Status Code

This processing option is not used.

Specify a value from the Pay Status Code (00/PS) UDC table that indicates the pay status of the pay item that the system creates to offset the withholding amount.

Minimum Withholding Amount Individual

Specify the minimum withholding amount for IR for an individual. The system uses this amount when calculating INSS and IR Withholdings. The system compares the withholding calculation with the amount entered in this field.

The system generates withholding amounts only if the amount calculated is greater than the amount that you enter in this processing option. You must enter an amount greater than or equal to zero.

Minimum Withholding Amount Corporation

Specify the minimum withholding amount for IR for a corporate entity. The system uses this amount when calculating INSS and IR Withholdings. The system compares the withholding calculation with the amount entered in this field.

The system generates withholding amounts only if the amount calculated is greater than the amount that you enter in this processing option. You must enter an amount greater than or equal to zero.