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You can withhold a percentage on the VAT value calculated (usually, 50% of the value calculated) for cases defined by Colombian legislation.
VAT withholding always occurs in purchase: the acquirer of goods pays a part of the tax that the issuer must pay.
VAT withholding occurs when:
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Important:
Withholding percentage is defined in Variable Tax table (always 50%). For operations like import, in which the percentage is 100%, there is the field VAT Percentage, in the TIO Register. In this register, the search for rates is available. Rates not found must be in Variable Taxes.
In sales, the customer/supplier type must be other than 3.
In purchases, ensure the parameter MV_AGENTE is configured as S, that represents VAT withholding.
The fields and routines involved are
Customer File
VAT withholding is calculated only for the following types: 1 – Common System or 2 – Simplified System.
Enter the type of taxpayer, according to the tax payment.
Withholding is calculated if this field is filled out with 1-Yes.
Supplier Register:
VAT withholding is calculated only for the following types: 1 – Common System or 2 – Simplified System.
Enter the type of taxpayer, according to the tax payment (1=Taxpayer; 2=Non-taxpayer; 3= Non-declarant; 4= Great Taxpayer; 5=Self-Withholder).
Enter the percentage for VAT withholding calculation when the operation requires a percentage different from the standard percentage of 50%, available in the variable tax register.
TIO x Tax Binding Register:
It must be filled out with 2-Subtract.
It can filled out with 2-Subtract or 3-Indifferent to have the value subtracted from the invoice or disregarded.
Variable Tax Register:
Indicate if tax calculation must be added to the installments of the main bill. The content indicated must be J Join.
See Also
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