Taxes (FI-AP/AR) 
Use
The Taxes component covers the most important laws and business practices specific to Brazil. For generic information about Taxes, see Taxes (FI-AP/AR).
Prerequisites
You have maintained all the tax settings in Customizing. Each tax rate is described in detail in the following documentation, along with the required Customizing settings. However, for an overview, you may want to refer to this list of Customizing activities for Brazilian taxes.
In addition, you must have entered all relevant tax numbers for your customers, vendors, and your own company code.
Features
Country Version Brazil calculates the following forms of taxes automatically:
The system calculates Brazilian taxes that are levied at federal, state, and municipal levels. It takes into account the many exceptions that may occur, and it makes available all tax-related data required for statutory reporting.
