Assets PIS/COFINS Credit

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Assets PIS/COFINS Credit

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Brazilian laws and regulations allow that the company included in Actual Profit, non-accrual system, can discount PIS and COFINS credits (CREDPIS) of machines, equipment and other goods incorporated to  fixed asset, acquired or manufactured to third-party lease or use in production of goods aimed at sale or service provision (art. 3 of Law no. 10.833 of 2003 and art. 3 of Law no. 10.637 of 2002).

Synchro solution has been developed to control PIS and COFINS monthly credit calculation over fixed asset, provided in laws and regulations, that companies are entitled to, enabling thus correct credit use by means of assessments with due values, in compliance with legal standards, preventing company fiscal exposure risks.

Thus, the company prevents parallel and manual tax control worksheet existence by worksheets, thus there is lower reliability of data generated, lower fiscal risk, lower operation cost (TCO), information safety increase, and legal change updated enabled by Synchro.

Advantages

  • Using PIS/COFINS credits over fixed asset provided in laws and regulations;
  • Generating interfaces para to fill in F120/F130 records of EFD-PIS/COFINS, to Fiscal Web Synchro Solution customers;
  • Issuing asset fiscal document report and monthly service and relevant credits;
  • Transaction, control and credit history maintenance, stored in database;

Assets PIS/COFINS Credit