Overview of Managing Withholding Taxes for Brazil
Now you can manage withholding taxes for Brazil in Oracle Fusion Cloud ERP.
Some of the typical withholding taxes that you can manage in Oracle Cloud ERP are:
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IRRF_PF : Federal withholding tax that is applicable for services provided by persons
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IRRF_PJ : Federal withholding tax that is applicable for services provided by companies
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INSS_PF : Social security withholding tax that is applicable for services provided by persons
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INSS_PJ : Social security withholding tax that is applicable for services provided by companies
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PIS/COFINS/CSLL: Federal contribution withholding tax that is applicable for services provided by companies
ISS - City (municipal) withholding tax that is applicable for services provided by companies and persons
Withholding Tax Structure for Brazil
The sample withholding tax configuration for Brazil is provided using the Rapid Implementation (RI) sheets (Tax Configuration Workbook).
You can use the RI sheets to upload withholding tax setups to Oracle ERP Cloud.