IPI Calculation (Brazilian Hub SuiteApp)
The Imposto sobre Produtos Industrializados (IPI) tax applies to the movement of manufactured goods.
Creating IPI Parameters
To set up IPI calculation on your account, you must create a parâmetros IPI record. Create a record for each Mercosur Common Nomenclature (MCN) code associated with the manufactured goods you purchase or sell.
To create IPI parameters:
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Go to BRHub > Fiscal > Parametrização de IPI > New.
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In the NCM field, select the MCN code associated with the goods subject to these parameters.
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In the Data Inicial Vigência field, enter or select the start date for the effectiveness of the parameter.
The start date is the date on which the parameter takes effect for transactions subject to IPI. This date is usually defined by law.
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(Optional) If the parameter expires on a date predetermined by law, in the Data Final Vigência field, enter or select the end date for the effectiveness of the parameter.
The end date is the date on which the parameter expires, losing its effect. You can edit this field later if the law changes and affects the effectiveness of the parameter.
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(Optional) If the parameter should only apply to a specific item, in the Produto field, select the item the parameter applies to.
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Click Save.
Creating CST Parameters for IPI
After you create a parâmetros IPI record, you must create parâmetros IPI – informações records for each Código de Situação Tributária (CST) code used on your transactions involving goods.
The CST code determines the type of IPI taxation the products are subject to, according to the operation defined by the Código Fiscal de Operações e Prestações (CFOP) you select. Create as many parâmetros IPI – informações records as required.
To create CST parameters for IPI:
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Go to BRHub > Fiscal > Parametrização de IPI.
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Next to the parâmetros IPI record you want, click View.
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Click the Parametrizações subtab.
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Click New Parâmetros IPI - Informações.
A new parâmetros IPI - record opens.
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(Optional) If the parameter should only apply to a specific group of entities, in the Grupo de Tributação field, select the tax group the parameter applies to.
For more information about tax groups, see Creating Tax Groups for Brazil (Brazilian Hub SuiteApp).
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In the CFOP field, select the CFOP code associated with the operation subject to IPI.
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In the Alíquota field, enter the IPI rate.
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In the CST field, select the CST code that determines the IPI taxation.
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(Optional) In the Enquadramento Legal IPI field, select the legal framework category associated with the product.
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Click Save.