Ciap Tax Records (MATA080 - SIGAFIS)

For purchase of goods integrating the company's fixed assets, if such asset takes part in production or sales of products/economical activity, a record must be generated in Ciap tax record (Control of Fixed Asset ICMS).

Application

Purchase of looms with tax base reduced by 91.66% (ninety-one point sixty-six percent) in internal and interstate outflows for industry machines, apparatus and equipment.

1. TIO Registration:

TIO Configuration
Field	Content
Code	310
TIO Type	Inflow
Credit ICMS?	Yes
Credit IPI?	Yes
Generate Trade Note?	Yes
Update Inventory?	Yes
Third Party Possession?	No
Calculate ICMS?	Yes
Calculate IPI?	Yes
ICMS Red. %	91.66
IPI Red. %	00.00
ICMS Tax Rec.	Others
IPI Tax Rec.	Taxed
Indicate IPI?	No
IPI in Tax Base?	No
Calc. ICM Dif.	No
Mat. Consumption	No
Ciap Tax Records	Yes
Update Asset?	Yes

2. Registration of inflow documents:

Document	000011/UNI
Date	6/1/03
Quantity	1
Goods Value	15,000.00
Goods Total	15,000.00
Document Total	15,750.00
IPI rate	5%
ICMS Rate	18%
TIO	310
IPI Tax Base	15,000.00
ICMS Tax Base	13,749.00
IPI Value	750.00
ICMS Value	2,474.82

3. Classification of inflow document in Tax Records, see information in the report Inflow Records:

Inflow Date	Number	Accounting Value	Tax Code	Code	Operation Value Tax Base (ICMS)	Rate	Credited Tax (ICMS)	Operation Value Tax Base (IPI)	Rate	Credited Tax (IPI)
6/1/03	000011/UNI	15,750.00	191	1	00.00	12.00	00.00	15,000.00	5.00	750.00
				2	1,251.00		00.00
				3	13,749.00		00.00

Codes:

1. Transactions with tax credit.

2. Transactions without tax credit-exempt or non-taxed.

3. Transactions without tax credit - others.

Tip:

Notice that the column Credited Tax (ICMS) is zeroed, even when in the inflow document the entered TIO has the field Credit ICMS = Yes. This is due to the control of Fixed Asset ICMS Credit through the field Ciap Tax Record = Yes.

The ICMS credited is only totally appropriated after 48 or 60 months as of the asset purchase date. Monthly, the company appropriates the reversal value, obtained by multiplying the value of the credit appropriated from the asset inflow by the monthly factor, which can be 1/48 or 1/60 of the relation between the sum of exempt or nontaxable outflows and rendering and the total of outflows and rendering registered with the month.

To check how to appropriate the fixed asset ICMS credit, refer to topic Ciap Maintenance.

See Also

To issue the reports of Inflow Records and outflow Records, refer to topic Data Processing System.

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Ciap Tax Records (MATA080 - SIGAFIS)