What is IPI tax law in SAP CRM-LOC - Localization?

SAP Term: IPI tax law

• Component: CRM-LOC

• Component Name: Localization

• Description: A series of laws that detail what rates of IPI apply to different sales and purchases of goods. They describe which transactions are subject to the full rate of IPI, which transactions are subject to a reduced rate, and which are exempt from IPI. When you print a nota fiscal for goods movements that are not subject to the full rate of IPI, the nota fiscal shows the text of the IPI tax law that the transaction was taxed under.

Smart SAP Assistant

• Key Concepts: 
  IPI tax law is a Brazilian tax law that applies to the import and sale of goods and services. It is managed by the Brazilian Federal Revenue Service (RFB) and is part of the country's Value Added Tax (VAT) system. The IPI tax law applies to all companies operating in Brazil, regardless of their size or type. 
  
  How to use it: 
  In SAP CRM-LOC Localization, IPI tax law is used to calculate the taxes due on imported goods and services. The IPI tax law is used to determine the amount of taxes due on imported goods and services, as well as the applicable rate. The IPI tax law also determines the applicable exemptions and deductions for imported goods and services. 
  
  Tips & Tricks: 
  When using SAP CRM-LOC Localization to calculate taxes due on imported goods and services, it is important to ensure that all relevant information is entered correctly. This includes the type of goods or services being imported, the applicable rate, any applicable exemptions or deductions, and any other relevant information. 
  
  Related Information: 
  For more information about IPI tax law in Brazil, please refer to the Brazilian Federal Revenue Service website (www.receita.fazenda.gov.br). Additionally, for more information about SAP CRM-LOC Localization, please refer to the SAP Help Portal (help.sap.com).