Pis and Cofins on fixed assets value
There is a sapnote (696160) that explains how to implement new depreciation areas to PIS and COFINS (legal taxes in Brazil).
These new areas will calc these legal taxes on the fixed assets' depreciation.
But I need to implement the calc of Pis and Cofins on fixed assets value acquisition.
Does anyone have some idea how to do it?
Marssel Vilaça replied
I need to configure depreciation for these assets to find the amount, is this correct?
Yes. You may create a "fiscal depreciation area", It will depreciate but don't post, but it is not necessary. You can collect depreciated value from area 01.
I must configure the asset to depreciation 1/48 on the value and then I need to do a calc (z program) to calculate the amount of PIS and COFINS?
The tax amout is already included in Assets expenses. Select an Assets in AW01N and hit P.O. Got to historic and look the accounting posting of Vendor Invoice. The Tax entries must be there by IVA code. You only need calculate it except if the IVA didn't do it.
The your only need is to calculate the amount for tax payment discount (tax credit = depreciation amount of period X 7.6%).
Another doubt: Do you have some suggest in the case of assets that have already credit of PIS and Cofins?
PIS/COFINS is a TAX and an Assets Expense. Ask for an IVA to take it during Invoice cration.
Concerning Assets functionalities, you don't need anything from the system. As I said you will need only recorver 7.6% from amount depreciated running AFAB every month.
If you have some material, could you send me?
Find my contacts and send me a message to receive it.