Understanding PIS/PASEP and COFINS Taxes for Freight Notes

You might receive a freight nota fiscal for freight, insurance, and other expenses that apply to goods received on a merchandise nota fiscal. When you apply the expenses to the merchandise nota fiscal, the system launches the Freight Note Processing program (P76B807). The Freight Note Processing program prorates the PIS/PASEP and COFINS contributions on the freight charges at the same ratio as the system used for the PIS/PASEP and COFINS contributions on the goods received. The system then updates the item ledger and average costs for the goods on the merchandise nota fiscal and creates journal entries to account for the contributions on the freight nota fiscal.