ARG - Profit WH Concept (76/04)

You set up profit withholding concepts to identify groups of items according to their profit withholding percentages. The system uses these values when you process withholding profits for suppliers.

You must set up a code for invoice type M.

For example, you might set up these codes:

Codes	Description
10	Services
20	Rental income
30	Goods
40	Professional
50	Service location
60	Invoice type M - profit
70	Professional fees
80	Decentralized regime
99	No withholding

Note: You should include a value of blank so that you can assign that value to the records that are not subject to this withholding.

To meet the requirements of RG 830/00, you must set up UDC 76/04 to identify the concept that the system uses to withhold taxes for copyright, and set up the special handling code with the amount up to which no withholding will occur. According to RG 830, this amount is ten thousand pesos. For example, you might set up this concept code for RG 830/00:

Codes	Description 01	Description 02	Special Handling Code
60	Derechos de Autor	NA	10000