Understanding Tax Calculations for FUNRURAL

Fundo de Assistência e Previdência do Trabalhador Rural (FUNRURAL) is the income tax for agricultural businesses. It is similar to the IR tax for corporations, but the rate at which the income is taxed is different.

If a transaction is subject to FUNRURAL tax, the system:

• Verifies the existence of a tax code in the F76011 table.

• Calculates the aggregate amount, based on the percentage of the retention.

  The FUNRURAL tax is calculated for the entire voucher. The system processes both domestic and foreign currency vouchers.