Setting Up ICMS Tax Rates
Access the ICMS Tax Revision form.
- Item Origin
Enter a code that specifies the origin of a product. You must select a value from the Item Origin UDC (76/IO) or use "*".
- From State
Enter a value that exists in the States (00/S) UDC table to specify the originating state for which you set up the tax.
- To State
Enter a value that exists in the States (00/S) UDC table to specify the destination state for which you set up the tax.
- Mark-up Level
Enter a value that exists in the A/B Selection Code 30 (01/30) UDC table to specify a code that is used with an Address Book Category code to create different ICMS Substitution markup tables depending on the customer markup level. This field cannot be left blank. To make this field a blank space, enter an asterisk (*).
- Item Number
Enter the item number if you want to set up the ICMS tax by item.
This field is optional for ICMS tax. Complete this field only to set up ICMS tax rates for specific items.
- ICMS State Tax and ICMS Interstate Tax
Enter a number that identifies the percentage of tax that should be assessed or paid to the corresponding tax authority, based on the tax area.
Enter the percentage as a whole number and not as the decimal equivalent. For example, to specify 7 percent, enter 7, not .07.
- ICMS Reduction
Enter a factor that the system uses to reduce the amount of the taxable base of a product.
- Substitution Mark-up
Enter a percentage of markup applied to the ICMS taxable amount.
- Substitution Reduction
Enter a factor that reduces the ICMS substitution tax amount.
- ICMS Deferred Percentage (Release 9.2 Update)
Enter a number that identifies the percentage of ICMS tax that the system defers.
Enter the percentage as a whole number and not as the decimal equivalent. For example, to specify 7 percent, enter 7, not .07
Despite the value you enter in this field, the system applies deferred ICMS percentages on outbound notas fiscais where the From State and To State are same or different, and only when the ICMS Tributary Situation Code is either 51 (Deferred) or 90 (Others).
If the conditions for the deferred ICMS calculation are met and you leave this field blank, the system defers 100 percent of the ICMS due for the transaction.