Assessing PIS and COFINS in the Cumulative or in the Non-cumulative Regimes (Brazilian Hub Reporting SuiteApp)

The Brazilian Hub Reporting SuiteApp enables you to assess the calculated Programa de Integração Social (PIS) and Contribuição para o Financiamento da Seguridade Social (COFINS) amounts for NetSuite transactions. The assessment process results in a report that contains the total tax amount for the selected period.

Companies that adopt the Lucro Presumido tax regime assess PIS and COFINS in the cumulative regime. Companies that adopt the Lucro Real tax regime assess PIS and COFINS in the non-cumulative regime.

To assess PIS and COFINS in the cumulative or in the non-cumulative regimes:

Create and process the livro fiscal (fiscal book) record for the assessment period.

NetSuite considers inbound goods and services transactions in the PIS and COFINS assessment. For more information about fiscal books, see Fiscal Books for Brazil (Brazilian Hub Reporting SuiteApp).
Go to Reports > BRHub – Relatórios Fiscais > Apuração PIS/COFINS > New.
In the Subsidiária field, select the company whose PIS and COFINS amounts you want to assess.

When you select a parent company, NetSuite automatically considers its subsidiaries’ information to calculate the PIS and COFINS amounts. If you are assessing PIS and COFINS amounts for a parent company and its subsidiaries at one time, you must select the parent company.
In the Regime field, select the assessment regime to which your company adheres.

If you selected a default assessment regime in the subsidiary’s informação complementar da subsidiária record, NetSuite populates the field with the default option. If not, do the following:
- If your company assesses taxes in the cumulative regime, select Cumulativo.
  
  In the cumulative regime, the system calculates PIS and COFINS amounts without deducting the taxes assessed on previous periods.
- If your company assesses taxes in the non-cumulative regime, select Não Cumulativo.
  
  In the non-cumulative regime, the system calculates PIS and COFINS amounts and deducts the tax credits from their respective debits assessed on previous periods.
If you selected the revenue recognition regime in the informação complementar da subsidiária record, NetSuite populates the Regime de Reconhecimento de Receitas field with the revenue recognition regime. For more information, see Setting Up the Informação Complementar da Subsidiária Record (Brazilian Hub SuiteApp).
In the Data Inicial field, enter or select the start date of the assessment period.
In the Data Final field, enter or select the end date of the assessment period.

Tip:
Companies usually assess PIS and COFINS monthly. Therefore, select the first and last day of the month, respectively.
Click the Outras Receitas subtab.

On this subtab, you must enter information about revenue from activities which are not your company’s regular business activities. By default, NetSuite automatically lists the following revenues:
- Receita de Aplicações Financeiras (Financial applications revenue)
- Receita de Juros Ativos (Asset interest revenue)
- Receita de Bens Ativo Imobilizado (Fixed asset revenue)
- Descontos Obtidos (Discounts)
To add amounts to these revenues or to add other revenues:
1. In the Descrição column, enter a description for the revenue.
2. In the Valor column, enter the revenue amount.
3. In the Alíquota PIS column, enter the PIS rate on the revenue.
4. In the Alíquota COFINS column, enter the COFINS rate on the revenue.
5. Click Add.
6. Repeat the previous steps to add as many revenue amounts as required.
Click the Outras Exclusões subtab.

On this subtab, you can enter deductions for this tax assessment. By default, NetSuite automatically lists the Descontos Incondicionais deduction. You must not remove this deduction from the list, even if you have no amounts to assign to it.

To add deductions:
1. In the Description column, enter a description for the deduction.
2. In the Valor column, enter the deduction amount.
3. Click Add.
4. Repeat the previous steps to add as many deduction amounts as required.
Click the Créditos subtab.

On this subtab, you can add accounts to which you posted expenses or deductions that entitle you to a tax credit.

To add accounts that entitle you to a tax credit:
1. In the Conta column, select an account.
2. In the Alíquota PIS column, enter the PIS rate on the expense or deduction.
3. In the Alíquota COFINS column, enter the COFINS rate on the expense or deduction.
4. (Optional) In the Alíquota PIS Mercado Externo column, enter the PIS rate on imported items.
5. (Optional) In the Alíquota COFINS Mercado Externo column, enter the COFINS rate on imported items.
6. Click Add.
7. Repeat the previous steps to add as many accounts as required.
Click the Demais Créditos subtab.

On this subtab, you can enter non-accountable expenses that entitle you to a tax credit. The tax credit is only valid for amounts on goods recorded in the assessment period.

To add non-accountable expenses:
1. In the Descrição field, enter a description for the expense.
2. In the Valor field, enter the expense amount.
3. In the Alíquota PIS column, enter the PIS rate on the expense.
4. In the Alíquota COFINS column, enter the COFINS rate on the expense.
5. Click Add.
6. Repeat the previous steps to add as many expenses as required.
Click Save.
In view mode, click the Fonte PIS/COFINS subtab.

On this subtab, NetSuite displays the PIS and COFINS amounts withheld on transactions for provided services. If your company withholds PIS and COFINS on payments, these tax amounts correspond to the total amount withheld on the transaction installments. If your company does not withhold PIS and COFINS on the payment, these tax amounts correspond to the total amount withheld on transactions.

The system deducts the payable tax from the withheld amount, because NetSuite considers that you have anticipated the payment of the taxes on the transaction.

You can change the amounts, if required. To edit the PIS and COFINS withheld amounts:
1. Click Edit.
2. In the Valor PIS Retido Lei 10.833 field, enter the withheld PIS amount.
3. In the Valor COFINS Retido Lei 10.833 field, enter the withheld COFINS amount.
4. Click Save.
Click Processar.

The tax assessment processing begins. The Status field displays the Processando status.
Click Atualizar to refresh the status information.

Keep refreshing the page until the processing status is Processado (processed).
If you want to download the assessment report, in the Visualizar Apuração field, click Visualizar Relatório.

To assess PIS and COFINS in the cumulative or in the non-cumulative regimes:

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