CBS and IBS Calculation (Brazilian Hub SuiteApp)
The Contribuição sobre Bens e Serviços (CBS) and Imposto sobre Bens Serviços (IBS) taxes apply to services that your company provides or receives.
Setting Up CBS and IBS
In NetSuite, you must set CBS and IBS parameters for each service and city in which you do business.
To set up CBS and IBS:
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Go to BRHub > Fiscal > Parametrização de Impostos de Serviço.
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Click Edit.
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Click the subtab that corresponds with the tax you want to set up:
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To set up CBS, click CBS.
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To set up IBS, click IBS.
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In the Código Serviço field, select the federal code that applies to the service you provide or receive.
The field lists the service codes as described in the attachment of Brazil's federal law no. 116, of July 31, 2003.
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(Optional) If you want to apply these parameters to a specific service, in the Item Serviço field select the item.
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In the Código NBS field, select the Nomenclatura Brasileira de Serviços (NBS) code that applies to the service.
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In the Classificação Tributária field, select the tax classification code (cClassTrib) that applies to the service.
When you generate an electronic invoice for services (NFS-e), the system determines the CST code by the first 3 digits of the cClassTrib code.
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In the Código Tributação field, enter the municipal taxation code.
Each city government assigns different taxation codes to services. The taxation code indicates the type of service provided or received.
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In the Alíquota field, enter the tax rate that applies to the service.
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If the service provided or received is subject to a reduced tax rate, in the Redução da Alíquota field, enter the percentage of the tax rate reduction.
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In the Município field, select the city in which you provided or received the service.
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In the Data Inicial Vigência field, enter or select the effective for these parameters.
On this date, the information you set up takes effect. This date can be determined by law.
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(Optional) If these parameters have a legal expiration date, enter or select the expiry date in the Data Final Vigência field.
If legislation changes and the parameter is no longer valid from a certain point in time, you must edit this record to reflect the change.
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Click Add.
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Click Save.