Financial Accounting (FI)

Imposto sobre Serviços

In Brazil, a municipal tax levied on services.

Calculation of ISS depends on many factors, such as type of service or location. In most cases, ISS is charged to the entity that provides the service, but it can also be withheld by the recipient of the service. Its rate can be based on the service provider's location, the location where the service is provided, or both.