Set up PIS and COFINS tables (Brazil)

This article describes how to set up Program of Social Integration (PIS) and Contribution for the Financing of Social Security (COFINS) tables in Brazil with Microsoft Dynamics 365 Finance.

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.

The following procedure uses the BRMF demo company.

To set up PIS and COFINS tables, follow these steps.

1. In Dynamics 365 Finance, go to Fiscal books > Setup > PIS and COFINS tables > CFOP and Credit base source.
2. Select New.
3. In the CFOP field, enter 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 Código Fiscal de Operações e Prestações (CFOP) for the PIS and COFINS tax assessment.
4. In the CFOP description field, enter a value.
5. In the Credit base source field, select an option.
6. In the Valid From Date field, enter a date.
7. Select Save.
8. Close the page.
9. Go to Fiscal books > Setup > PIS and COFINS tables > Credit types.
10. Select New.
11. In the Credit type field, enter 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, enter a value.
13. In the Valid From Date field, enter a date.
14. Select Save.
15. Close the page.