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PIS and COFINS fixed assets (Brazil)

This article describes how to configure the fixed asset Program of Social Integration (PIS) and Contribution for the Financing of Social Security (COFINS) tax credit to be appropriated in installments in Brazil with Microsoft Dynamics 365 Finance.

When a legal entity purchases a fixed asset, the PIS and COFINS tax credit that is calculated on that transaction can be appropriated in a specific number of installments. For the correct calculation for this tax refund, the legal entity must present a specific fiscal book or report for the information in the Sistema Publico de Escrituração Digital (SPED) Escrituracao Fiscal Digital (EFD) contributions file to demonstrate correct appropriation of the PIS and COFINS tax credit amount. The control of credit that's appropriated in the tax assessment period is detailed in records F120 and F130 of SPED EFD contributions.

The following procedure uses the BRMF demo company.

To configure the fixed asset PIS and COFINS tax credit to be appropriated in installments, follow these steps.

  1. In Dynamics 365 Finance, go to Procurement and sourcing > Purchase orders > All purchase orders.
  2. Select New.
  3. In the Vendor account field, enter or select a value.
  4. Select OK.
  5. Select Add line.
  6. In the list, mark the selected row.
  7. In the Item number field, enter or select a value.
  8. In the CFOP field, enter or select a value.
  9. In the Quantity field, enter a number.
  10. In the Unit price field, enter a number.
  11. Expand the Line details section.
  12. Select the Fixed assets tab.
  13. In the New fixed asset? field, select Yes.
  14. In the Fixed asset group field, enter or select a value.
  15. Select the Financial dimensions tab.
  16. In the CostCenter field, enter or select a value.
  17. In the Filial field, enter or select a value.
  18. On the Action Pane, select Purchase.
  19. Select Confirm.
  20. Close the page.
  21. Go to Accounts payable > Purchase orders > All purchase orders.
  22. In the list, select the link in the selected row.
  23. On the Action Pane, select Invoice.
  24. Select Invoice.
  25. Select Default from: Product receipt quantity to open the drop dialog.
  26. In the Default quantity for lines field, select an option.
  27. Select OK.
  28. In the Document model field, enter or select a value.
  29. In the Access key field, enter a value.
  30. In the Invoice date field, enter a date.
  31. In the Posting date field, enter a date.
  32. Select Post.
  33. Close the page.
  34. Go to Fiscal books > Common > Booking period.
  35. Select Create new booking period to open the drop dialog.
  36. In the Fiscal establishment field, enter or select a value.
  37. In the Month field, select a month.
  38. In the Year field, enter a year.
  39. Select OK.
  40. Select Sync.
  41. Select OK.
  42. Select PIS-COFINS.
  43. Select PIS and COFINS tax assessment to open the drop dialog.
  44. Select OK.
  45. Close the page.
  46. Go to Fiscal books > Common > Fixed assets > All PIS and COFINS fixed assets.
  47. In the list, select the link in the selected row.
  48. Expand the PIS and COFINS fixed asset transactions section.
  49. Close the page.