Set up PIS and COFINS tables (Brazil)

Before the PIS and COFINS tax assessment can be created, you must set up the tables for the credit source and credit type. As a reference, you should use tables 4.3.7 and 4.3.6 that are published by the tax authority. This task uses the BRMF demo company.

1. Go to Fiscal books > Setup > PIS and COFINS tables > CFOP and Credit base source.
2. Click New.
3. In the CFOP field, type a value.
   • Use table 4.3.7 that is published by the tax authority as a reference to enter the values of credit sources by CFOP for the PIS and COFINS tax assessment.
4. In the CFOP description field, type a value.
5. In the Credit base source field, select an option.
6. In the Valid From Date field, enter a date.
7. Click Save.
8. Close the page.
9. Go to Fiscal books > Setup > PIS and COFINS tables > Credit types.
10. Click New.
11. In the Credit type field, type a value.
    • Use table 4.3.6 that is published by the tax authority as a reference to enter the values of credit types for the PIS and COFINS tax assessment.
12. In the Description field, type a value.
13. In the Valid From Date field, enter a date.
14. Click Save.
15. Close the page.