Understanding GL Class Codes for PIS/PASEP and COFINS Tax Credits
You must set up GL Class codes for PIS/PASEP and COFINS tax credits for the suppliers. Additionally, because you are the supplier when you sell goods or services, you must set up a supplier master for the fiscal companies and GL Class codes for the fiscal companies. Before the system can calculate PIS/PASEP and COFINS tax credits for purchase and sales transactions, the supplier master records for the suppliers and for the fiscal companies must contain a GL Class code for PIS/PASEP and for COFINS tax credits. You assign a GL Class code on the GL Distribution tab of the Supplier Master Revisions form.
The source of the GL Class code that the system uses when calculating PIS/PASEP and COFINS tax credits depends on the type of transaction that the system processes. Inbound transactions include transactions that have Transaction Nature codes that are less than 500. Inbound transactions include those in which you generate notas fiscais from purchase orders, ship-to sales returns, and ship-from sales returns. Outbound transactions include transactions that have Transaction Nature codes that are greater than 500. Outbound transactions include those in which you generate notas fiscais from sales orders and purchase returns.
This table displays the source of the GL Class code that the system uses when debiting or crediting accounts for inbound and outbound transactions:
Account |
Distribution AAI |
Source of GL Class Code |
|---|---|---|
Inbound debit account |
4385 |
The GL Class code that exists in the F0401 table for the supplier. |
Inbound credit account |
4390 |
The GL Class code that exists in the F76B0401 table for the PIS/PASEP or COFINS tax. |
Outbound debit account |
4220 |
The GL Class code that exists in the F76B0401 table for the PIS/PASEP or COFINS tax. |
Outbound credit account |
4240 |
The GL Class code that exists in the F0401 table for the fiscal company. |