IB Withholding - Corrientes Province (FINA085A - SIGAFIN)

For this province, in particular, gross income withhold calculation is effected according to the amount of all of the operations occurred in the month to the same supplier.

The sum of the basis to the same supplier in the month is checked, and if this value is lower than the one entered as Minimum Value in the Withholding Table (FF_IMPORTE), tax is not withheld.

Calculation is effected according to the sum of monthly basis + basis of the bill to be written-off.

Confirm configuration of parameters MV_AGENTE and MV_AGIIBB.

Legal Grounds

The ruling of this province establishes that the amount of the operations to the same supplier in the month must be lower than 200 Pesos. When there is more than one payment in the same month, values are accrued and when the amount exempted is exceeded, the corresponding rate must be applied in the total value.

In order to meet the peculiar characteristic of this province, additionally to the above mentioned, when delivery province is CR (Corrientes),  payment should be analyzed, checking if there was tax withholding for this province in the current month, searching the value withheld in the month. On this value, the inflow bill must be added and then compared to the field FF_IMPORTE of the CR province and if the value exceeds, there is tax withholding.

Procedures

For tax withholding

1. In suppliers, fill out data according to field help instructions.

2. Note that register is divided into folders, where:

• • From Record
    • In this folder, view the field Province and select Corrientes.
  • Man./Fin.
  • Tax
  • Purchases
  • Others

3. Enter all compulsory information in the folders displayed.

4. In order that the System withholds, enter S=Yes in the field IB Withholding from the Tax folder.

5. Check data and confirm them.

6. System processes the information to consider IB withholding.