PIS COFINS Import Calculation - IN SRF Nr. 572 of November 22 of 2005

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Use it to calculate PIS COFINS Import in the Inbound Manual Tax Invoice and Inbound Documentroutines, according to Normative Instruction SRF Nr. 572 of November 22 of 2005.

 

To whom it is applicable

Importers of Foreign Goods or Overseas Services.

Purpose

To calculate PIS COFINS Import according to the law

Jurisdiction:

Domestic

Legislation

Normative Instruction SRF Nr. 572 of November 22, 2005.


TIO configuration for the calculation - Except Service Imports

To calculate the PIS – COFINS Import in Types of Inflow/Outflow, fill out fields as follows:

 

Field

Contents

Calculate ICMS

Yes

Calculate IPI

Yes

Fiscal Code

One that begins with a "3". E.g.: 3101

ICMS Tax Records

Taxed

IPI Tax Records

Taxed

IPI in basis

Yes

Aggregate Value

I – ICMS+Goods

PIS/COFINS

3- Both

PIS/COF Cred.

1 – Credits it

Grp. Cofins

C – COF+Goods

Grp. PIS

P – PIS+Goods

PS/CF Import

3 - Both

IPI.Freight.Calc.

N - No

 

Help_buttonNote:

The PIS/COFINS import tax is only calculated for Inbound Invoices and Foreign Suppliers, that is, State=EX and Type=X-Others.

 

 

PIS-COFINS Calculation Formula

Help_buttonImportant!

This formula, made available by referring legislation, is analyzed by our tax consultants.

The following formulae were developed to arrive at the amounts of PIS - Import, COFINS - Import and ICMS - Import, based on IN 572/2005 and on article 13, item V of LC 87/96, respectively.

 

PIS-COFINS – Import

a) When the tax rate on Industrialized Products (IPI) is not specific (in percentage %):


Cofins Import = piscofins_impor01_ing

PIS Import = piscofins_impor02_ing

piscofins_impor03_ing

. VA - Customs Value

. a - Import Tax (II) rate

. b - Industrialized Products Tax (IPI) rate

. c - PIS/PASEP contribution - Import rate

. d - COFINS - Import rate

. e - tax on operations related to goods circulation and on services provided for interstate and intercity transportation and communication (ICMS) rate


b) If the IPI rate is specific (settled amount):

 

Cofins Import = piscofins_impor04_ing

Pis Import = piscofins_impor05_ing

piscofins_impor06_ing

piscofins_impor07_ing

. Q - Product quantity imported in the measurement unit compatible with the specific IPI rate.

. VA - Customs Value

. a - II rate

. β - IPI specific rate

. c - PIS/PASEP contribution - Import rate

. d - COFINS - Import rate

. e - ICMS rate


c) ICMS import calculation, after calculating the PIS-COFINS amounts, according to previous formulae:

 

ICMS: (VA + I.I. + I.P.I. + COFINS + PIS) / (1-%I.C.M.S.) * %I.C.M.S

After calculating the above tax amounts, we find the calculation basis of each tax, as the ICMS considered for the PIS-COFINS Import formula is fictitious. As for the ICMS, we employ part of the formula to calculate it:

I.C.M.S. Calculation Base: (VA + I.I. + I.P.I. + COFINS + PIS) / (1-%I.C.M.S.)

 

For PIS and COFINS - Import calculation basis; we have recourse to the Execution Norm of the General Customs Administration Coordination - Coana, Nr. 2 of 2005, which adopted an electronic spreadsheet to aid the calculation of such tax payments incurring on imported goods, so that, after filling out the needed data, the PIS, COFINS (according to result obtained from the IN 572 formula) and aforesaid fictitious ICMS amounts are shown.

After you click STATEMENT on the spreadsheet, the PIS, COFINS and fictitious ICMS calculation bases are shown, which are:

Fictitious ICMS Calculation Basis: Customs Value + Import Tax + Fictitious ICMS

Pis Cofins Calculation Basis - Import: Customs Value + Fictitious ICMS + PIS + COFINS

 

These are the amounts considered to obtain the PIS - COFINS - Import calculation basis, calculated according to formula due to IN RFB 572 of 2005.

With this we already have the PIS COFINS Import calculation basis and may move on to the ICMS calculation, including these tax payments, as previously shown on item C:

I.C.M.S. Calculation Base: (VA + I.I. + I.P.I. + COFINS + PIS) / (1-%I.C.M.S.);

ICMS: (VA + I.I. + I.P.I. + COFINS + PIS) / (1-%I.C.M.S.) * %I.C.M.S

Help_buttonNote:

In case the calculations have rounding problems, you can use the MV_RNDCF2 and MV_RNDPS2 parameters. The SISCOMEX related rate must be entered in the Freight field (F1_FRETE).

 

d) COFINS Import calculation according to Law 12.546/2011 (Rate Increase):


To use the Increased COFINS Value, enter the percentage increase to be used in the COFINS rate in the Incr. Cof. Rt. fields; thus, the system takes the modified rate to all import inflow transactions in the organization.

Help_buttonNote:

The amounts increased in the COFINS do not grant rights to credit and its use; thus, when sent to SPED Payments (PIS and COFINS), such amounts are deleted from the rate and from the COFINS amount.


TIO Configuration to Calculate PIS/COFINS Service Imports.


Field

Contents

Calculate ICMS

No

L. Fisc. ICMS

No

Calculate IPI

No

L. Fisc. IPI

No

Fiscal Code

Any starting with a 3. Ex: 3101

Calculate ISS

Yes

PIS/COF Import

1=PIS Import Or  2=Cofins Import Or 3=Both


PIS COFINS - Service Calculation Formula


Cofins Import = piscofins_impor08_ing

PIS Import = piscofins_impor09_ing

 

where,

piscofins_impor10_ing

. V = the amount paid, credited, delivered, employed or sent overseas, prior to the withholding of income taxes

. C = Pis/Pasep-Import tax payment rate

. D = Cofins-Import rate

. F= Rate of Tax on Services of any nature


 

Z= (1 + ISS Rate) / (1 - Pis Rate – Cofins Rate)

PIS Calculation Basis: (Amount of ISS * Z)

COFINS Calculation Basis: (Amount of ISS * Z)

Amount of PIS: (PIS Basis * PIS Rate)

Amount of COFINS: (COFINS Basis * COFINS Rate)


See Also

. Manual Inbound Tax Invoice

. Types of Inflow and Outflow (TIO)