Setting Up Tax Codes for PIS/PASEP and COFINS Tax Credits

Access the Tax Information Revisions form.

Select the PIS tab to set up tax codes for PIS/PASEP tax credits. Select the COFINS tab to set up COFINS tax credits.

Brazil Tax Information

Enter a UDC that describes the tax. The code can be up to 8 characters long.

Tax Type

Enter the type of Brazilian tax. You enter a code that exists in the Tax Code AP UDC table (76B/TR). You must enter 05 for PIS/PASEP or 06 for COFINS. The system activates the tax tab based on the value that you enter.

Tax Rate

Enter the retention or aggregation tax rate that is applied to the service transaction.

GL Offset (general ledger offset)

Enter a code that determines the trade account that the system uses as the offset when you post invoices or vouchers. The system concatenates the value that you enter to the AAI item RC (for JD Edwards EnterpriseOne Accounts Receivable) or PC (for JD Edwards EnterpriseOne Accounts Payable) to locate the trade account. For example, if you enter TRAD, the system searches for the AAI item RCTRAD (for receivables) or PCTRAD (for payables).

You can assign up to four alphanumeric characters to represent the GL offset or you can assign the 3-character currency code (if you enter transactions in a multi currency environment). You must, however, set up the corresponding AAI item for the system to use; otherwise, the system ignores the GL offset and uses the account that is set up for PC or RC for the company specified.

If you set up a default value in the GL Offset field of the customer or supplier record, the system uses the value during transaction entry unless you override it.

Note: Do not use code 9999. It is reserved for the post program and indicates that offsets should not be created.

Retention/Aggregation/ Credit

Enter a value that specifies whether retention or aggregation applies. You must enter a C in the Retention/Aggregation/Credit field (data item BRRTA) for tax codes that you set up for PIS/PASEP or COFINS credits. Tax codes that have an R or an A in the Retention/Aggregation/Credit field are not valid tax codes for PIS/PASEP or COFINS credits.

Alternate Payee Address Number

Enter an alternate address to which JD Edwards EnterpriseOne Accounts Payable can send payments due.

Receita Code

Enter a code that identifies the type of IR tax. You must set up valid codes in the Receita Code UDC (76B/IR) table.

Payment Terms

Enter a code that specifies the terms of payment, including the percentage of discount available if the invoice is paid by the discount due date. Use a blank code to indicate the most frequently used payment term. You define each type of payment term on the Payment Terms Revisions form. Examples of payment terms include:

Blank: Net 15

001: 1/10 net 30

002: 2/10 net 30

003: Due on the 10th day of every month

006: Due upon receipt. This code prints on customer invoices.