Create a tax assessment - PIS and COFINS tax (Brazil)

This article describes how to create the tax assessment for Program of Social Integration (PIS)/Contribution for the Financing of Social Security (COFINS) contributions for a given booking period in Brazil with Microsoft Dynamics 365 Finance.

You can create the tax assessment for PIS/COFINS contributions for a given booking period. The tax assessment considers the PIS/COFINS contribution amount to recover and the PIS/COFINS contribution amount to pay from the fiscal documents. For the amount due after the tax assessment, you can create the tax payment.

The following procedure uses the BRMF demo company.

To create the tax assessment for PIS/COFINS contributions for a given booking period, follow these steps.

1. In Dynamics 365 Finance, go to Fiscal books > Common > Booking period.
2. Select Create new booking period to open the drop dialog.
3. In the Fiscal establishment field, enter or select a value.
4. In the Month field, select a month.
5. In the Year field, enter a year.
6. Select OK.
7. Select Sync.
8. Select OK.
9. Close the page.
10. Go to Fiscal books > Common > Tax assessment > PIS-COFINS.
11. Select PIS and COFINS tax assessment to open the drop dialog.
12. In the Booking period field, enter or select a value.
13. Select OK.
14. Select Tax payment.
15. Select reate from assessment.
16. Select Edit.
17. In the Receita Code field, enter a value.
18. In the list, mark the selected row.
19. In the Due date field, enter a date.
20. Expand the General section.
21. In the Authority field, enter or select a value.
22. Select Post.
23. Close the page.
24. In the list, find and select the desired record.
25. Select Tax payment.
26. Select Create from assessment.
27. Select Edit.
28. In the Receita Code field, enter a value.
29. In the list, mark the selected row.
30. In the Due date field, enter a date.
31. In the Authority field, enter or select a value.
32. Select Post.
33. Close the page.