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.

See also:

• Understanding ICMS Tributary Situation Codes

• Understanding Deferred ICMS (Release 9.2 Update)

Expiration Date (Release 9.2 Update)

Enter a date that indicates from when the ICMS tax is no longer in effect as a part of the Brazil tax reform.

Note: Based on the date provided by the government for the expiry of the ICMS tax, you must make sure to enter a value in this field.

Note: To update the expiration date for ICMS for all records at a time, run the Update of ICMS Expiration Date report (R76BTX001). To run this report, specify the expiration date for ICMS in the ICMS Expiration Date processing option. When you run this report, you must not provide any values for data selection.