User-defined codes (UDCs)

Setting up Venezuela-specific UDCs enables you to use Venezuelan-specific functionality. Set up UDCs for:

• Accounts payable processing

• Supplier withholding

See Setting Up UDCs for Venezuela.

Next numbers

You must set up next numbers for system 76V (Venezuela) to process withholding for income taxes (Impuesto sobre la Renta [ISLR]) and municipal taxes.

See Setting Up Next Numbers for Venezuela.

Supplier withholding (setup)

To work with supplier withholding for Venezuela, set up:

• UDCs.

  See Setting Up UDCs for Supplier Withholding for Venezuela.

• Next numbers.

  See Setting Up Next Numbers for Venezuela.

• Set up withholding amount and tributary unit information for ISLR taxes.

  See Setting Up Withholding for ISLR Taxes for Venezuela.

• Set up information for the withholding of municipal taxes (IM).

  See Setting Up Withholding for Municipal Taxes for Venezuela.

Supplier withholding (processes)

Run these programs to calculate withholding and print withholding certificates:

• ISLR Withholding Calculation (R76V4580A)

• ISLR Withholding Certificate (R76VCRNP)

• IM Withholding Calculation (R76V4590A)

See Processing National and Municipal Withholding for Venezuela.

Run these reports to print certificates and obtain information about the withholding calculations:

• ISLR Withholding Affidavit (R76VDJRN).

• IM Withholding Affidavit (R76VDJRM).

• AR-CV Withholding Certificate (R76VCRVP).

• Annual Withholding Affidavit - Diskette (R76VPART).

• Withholding Integrity - Create Historical (R76VIR02C).

• Withholding Integrity - Erase Historical (R76VIR01B).

See (VEN) Reports for Venezuela.

Voucher processing

In addition to the standard processes for vouchers, for Venezuela:

• Set up corresponding versions of the Voucher Entry (P0411) program and the PO - Voucher Entry (P0411) program (P76V4047).

  See Setting Processing Option for PO - Voucher Entry (P0411) (P76V4047).

• Enter information about income, municipal, and value-added taxes (VAT).

  See Entering Vouchers for Venezuela.

Invoice processing

In addition to the standard invoice processing, for transactions in Venezuela, assign invoice control numbers.

See Assigning Control Numbers to Invoices for Venezuela.

Add exportation numbers to invoices for foreign transactions.

See Add Exportation Numbers to Invoices for Foreign Transactions.

Tax processing

The logic for validating tax IDs for customers and suppliers is different in the Address Book Revisions program (P01012) for users in the Latin American countries supported by JD Edwards EnterpriseOne software.

See How to Validate Tax IDs in Latin American Countries.

To process VAT for Venezuela:

• Review the overview of tax rate areas for Venezuela.

  See (ECU, PER, and VEN) Tax Rate/Areas for Ecuador, Peru, and Venezuela.

• Set up withholding information for VAT.

  See Setting Up Withholding Information for VAT for Venezuela.

• Add exportation numbers to invoices.

  See Add Exportation Numbers to Invoices for Foreign Transactions.

• Use the VAT Withholding Calculation program (R76V04570) to calculate VAT withholding.

• Use the VAT Withholding Certificate program (R76VLO03) to generate vouchers for the withholding of VAT.

• Use the VAT Withholding - TXT File Generation program (R76VLO01) to generate the flat file for tax reporting.

See Processing Withholding for VAT for Venezuela.

To generate VAT reports:

• Print the Purchasing Book Report (R76VLC01).

• Print the Sales Book Report (R76VLV01).

See (VEN) Processing Taxes.