Refreshing Transactions in PIS and COFINS Assessments

Note:

To access the Brazil Reports documentation in Brazilian Portuguese (Português do Brasil), see Brazil Reports.

To add, update, or remove withheld taxes or other credits and contributions automatically included in PIS and COFINS assessments, you must:

• Edit the relevant transaction records in NetSuite.

• Go to the PIS and COFINS assessment.

• Refresh the list of transactions with withheld taxes or other credits and contributions.

  In a refresh, the system performs a new search for eligible transactions. To determine eligibility, NetSuite considers a set of prerequisites. For more information, see Prerequisites for PIS and COFINS Assessment.

To refresh the transactions in a PIS and COFINS assessment:

1. Go to Reports > Brazil Reports > PIS and COFINS Assessment.

2. Next to the assessment you want, click View.

   The PIS and COFINS assessment opens.

3. Click the subtab that contains the list of transactions you want to refresh:

   • To refresh the assessment of outgoing withheld taxes, click Outgoing Withheld Taxes.

   • To refresh the assessment of other credits or contributions, click Other Credits or Contributions.

   1. In the subtab, click Refresh Transactions.

      The system searches for eligible transactions from the selected subsidiary and period.

   2. Review the transactions included in the assessment.

4. When you finish reviewing the refreshed transactions, click Generate Report.

   If the assessment covers a long period, the report generation may take a few minutes to complete. You can monitor the progress on the Country Tax Reports page. For more information, see Monitoring the Generation of Tax Assessment Reports.

   NetSuite emails you when the report becomes available. The system also updates the assessment record with the calculated tax amounts.

5. When you receive the email confirming the report was generated, in the Report field, click View.

   NetSuite opens the Country Tax Report - Brazil page.

6. Choose the format in which you want to download the report:

   • To download the report as a PDF, click the PDF icon.

   • To download the report as a XLS, click the XLS icon.

     Due to a system limitation, you can only download XLS files with sizes up to 10 MB.

Related Topics

• Assessing PIS and COFINS
• Including PIS and COFINS Withholding Information in Assessments
• Including Other Sources for PIS and COFINS in Assessments
• Including PIS and COFINS Credit Balances in Assessments

General Notices