Need Functionality for New Legal Requirement > Brazil's Inovar - Auto Incentive Program
Last updated on JULY 14, 2017
Applies to:Oracle Financials for the Americas - Version 188.8.131.52 to 12.2 [Release 11.5 to 12.2]
Oracle Receivables - Version 12.2.5 to 12.2.5 [Release 12.2]
Information in this document applies to any platform.
In October 2012, The Brazilian government approved, by decree, a new program to encourage vehicle technology innovation.
Inovar-Auto fosters industry competitiveness by encouraging automakers to produce more efficient, safer, and technology-advanced vehicles while investing in the national automotive industry.
This measure is comprised of industrial, technological and foreign trade policies developed by the Brazilian government and grants benefits regarding the IPI tax to companies that stimulate and invest in the innovation and in research inside the Brazilian territory.
Requirement: It is necessary to generate a summarized XML file, by issuer and receiver CNPJ, with the sales per car manufacturing company, showing all goods composed the products sold and detailing the deductible portion (Imported Content).
The calculation must be done on Total Invoice, minus only the IPI.
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