Including PIS and COFINS Withholding Information in Assessments
To access the Brazil Reports documentation in Brazilian Portuguese (Português do Brasil), see Brazil Reports.
When you choose to include withheld taxes on an accrual or cash basis in the assessment, NetSuite automatically creates the withheld PIS and COFINS records.
NetSuite populates these records with details from outgoing transactions performed by the subsidiary during the assessment period that were subject to Contribuições Sociais Retidas na Fonte (CSRF) withholding. The system uses the CSRF to determine PIS and COFINS amounts.
You should review the withheld PIS and COFINS records and complete the withholding information.
To include PIS and COFINS withholding information in an assessment:
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Go to Reports > Brazil Reports > PIS and COFINS Assessment.
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Next to the assessment you want, click View.
The PIS and COFINS assessment opens.
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Click the Outgoing Withheld Taxes subtab.
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Next to the withholding information you want to update, click Edit.
The withheld PIS and COFINS assessment opens.
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In the Nature of the Withholding at Source field, select the nature of the withholding applied to the transaction.
By default, NetSuite populates this field with the nature set in the customer record associated with the transaction. For more information, see Setting Up the Nature of the Withholding at Source for Customers.
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In the DARF Revenue Code field, enter the revenue code for the payment of the Documento de Arrecadação de Receitas Federais (DARF).
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In the Nature of the Revenue field, select the nature of the revenue that applies to the transaction.
By default, NetSuite populates this field based on the tax regime of the subsidiary associated with the transaction.
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Click Save.
Repeat these steps for all withheld PIS and COFINS records in the assessment.