Search HansaManuals.com HansaManuals Home >> Standard ERP >> Purchase Ledger >> Payment Register Previous Next Entire Chapter in Printable Form Search This text refers to program version 8.1 Withholding Taxes in the Purchase Ledger - Supplier Withholdings The Withholding Tax feature is available in the following countries (determined by the VAT Law specified in the Company Info setting): Angola, Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Italy, Kenya, Mexico, Nicaragua, Panama, Philippines, Portugal, Paraguay, Singapore, South Africa and Uruguay. The settings and options described on this page will not be visible elsewhere.--- Having configured your Withholding Tax regime or regimes as described here, you can now assign a Tax regime or regimes to each Supplier. To do this, use the Supplier Withholdings setting, in which you should enter separate records for each Supplier. If you do not enter a record for a particular Supplier, Withholding Tax will not be calculated in Payments when you pay Purchase Invoices from that Supplier. To work with the Supplier Withholdings setting, first move into the Purchase Ledger using the [Switch Module] button in the Navigation Centre. Then, if you are using Windows or Mac OS X, click the [Settings] button, also in the Navigation Centre, or use the Ctrl-S/⌘-S keyboard shortcut and then double-click 'Supplier Withholdings' in the list. If you are using iOS or Android, select 'Settings' from the Tools menu (with 'wrench' icon) and tap 'Supplier Withholdings' in the 'Settings' list. The 'Supplier Withholdings: Browse' window will be opened, showing all Supplier Withholding records previously entered. Double-click (Windows/Mac OS X) or tap (iOS/Android) a record in the list to edit it, or add a new record by selecting 'New' from the Create menu (Windows/Mac OS X) or the + menu (iOS/Android). When the record is complete, save it by clicking the [Save] button (Windows/Mac OS X) or tapping √ (iOS/Android) in the Button Bar. To close it without saving changes, click the close box (Windows/Mac OS X) or tap < (iOS/Android). In Argentina, Supplier Withholding specifications will be updated periodically (usually annually) by the tax authorities. You can import these specifications to the Supplier Withholdings setting using the 'Regional Perceptions & Withholdings (Argentina)' Import function in the Sales and Purchase Ledgers.
If you will have Withholding Taxes calculated automatically in Purchase Invoices, you only need use the first row of the matrix (unless you are in Argentina). The calculation will refer to the Withholding Tax regime specified in that first row and calculate Tax using the Calculation Formula specified in that regime. In Argentina, you can enter different Withholding Tax regimes for each Region, and the calculation will refer to the Withholding Tax regime in the row representing the Region of the Purchase Invoice. If you will calculate Withholding Taxes in Payments, you can use more than one row. This allows different Withholding Tax regimes to be used, depending on the Account in the Purchase Invoice being paid. When you enter a Payment and calculate Withholding Taxes, the calculation will first check the Withholding Tax regimes listed for the Supplier. In the example illustrated above, these are T1 and T2. The calculation will then check the Purchase Invoice being paid to see if any of the Apply Accounts specified for T1 and T2 are used in the Purchase Invoice. If so, it will calculate Withholding Tax on the relevant Purchase Invoice rows. In the example illustrated above, Tax T1 will apply when Accounts 200:585 are used in a Purchase Invoice (Accounts 200:585) are the Apply Accounts in Withholding Tax T1), and Tax T2 will apply when Accounts 811:822 are used in a Purchase Invoice. In this example, Taxes T1 and T2 have the same Calculation Formula and will post to the same Account, but in both cases in the Supplier Withholding record, a special Tax percentage has been entered for Supplier 515. In Argentina only, you can enter different Withholding Tax regimes for each Region. So, for example, you could apply different Withholding Tax regimes when Accounts 200:585 are used in a Purchase Invoice, depending on the Region of the Purchase Invoice.
The Payment register in Standard ERP:
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