E1: 76B: Brazil Tax Calculator (R76B4310) Calculates IR Tax On Tax-Exempt Small Business
(Doc ID 2664931.1)
Last updated on JUNE 02, 2020
Applies to:JD Edwards EnterpriseOne Procurement and Subcontract Management - Version 9.2 and later
Information in this document applies to any platform.
If a small business Supplier has IR tax rate of 0% but the item has IR tax rate 1.5 %, the Brazil Tax Calculation Processor (R76B4310) calculates taxes using the Item tax rate. Also, new lines in the AP Ledger (F0411) have no G/L Offset and the new line does not have G/L class nor Alternate Payee in the Voucher Additional Information Brazil (F76B0411) record.
Supplier is Tax Exempt - No Taxes
Item has 1.5% IR Tax rate
PO is created for item, received and 3-way match voucher created.
Brazil Tax Calculation Processor (R76B4310) calculates taxes using the Item tax rate.
AP Ledger (F0411) has Blank G/L Offset field
Voucher Additional Information Brazil (F76B0411) record has Blank G/L Offset and Blank Alternate Payee
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