How can I make an Income Tax Exempt investment?

01. QUESTION:

How can I make an Income Tax Exempt investment?

02. ANSWER:

Parameter MV_APLIMUN indicates whether a given investment is IMMUNE to Income Tax and IOF. Its content can be "1, 2 and 3", which mean:

1 = Not Immune

2 = IMMUNE

3 = Ask whether the investment is Immune or not.

Utilization Procedure

1. First access the configurator and correctly set parameter MV_APLIMUN, then, in module Financials (SIGAFIN), access Updates / Registers / Bank Contracts (FINA120);

2. The system displays the registered contracts window.

3. Add a contract of a given bank to use when registering our investment;

If no banks are registered, you can register one by selecting field Bank in this very registration screen, then click F3 - option Add;

4. After making additions and selections in the contract, access Related Features, option Quotation Update, to add a particular share for redemption date.

Be mindful that the redemption date must be in less than 30 days to make it subject to Income Tax and IOF.

5. Access the menu  Updates > Investment / Loan > Investment and Loan (FINA171);

6. Add an investment of type FAF by linking it to the bank contract registered.

7. Forward the system date to the redemption date of the investment and access the redemption routine in Updates > Investment / Loan > Redemption / Loan Payment (FINA181).

8. Place the mouse cursor on the investment registered and click Redeem.

9. Notice that with this configuration, and in spite of redemption occurring in a period shorter than 30 days, the system does not calculate Income Tax and IOF on investment redemption.

For further information, check: Requisite - INVESTMENT REDEMPTION IMMUNE TO INCOME TAX IOF