ARG - VAT Withholding Concept (76/02)

Set up value-added tax (VAT) withholding concepts to identify groups of items according to their withholding percentages. The system uses these values when you process VAT withholding for suppliers.

You must set up a code for invoice type M for voucher processing.

For example, you might set up these VAT withholding concepts:

Codes	Description
BIE	Goods
CER	Cereals
FLT	Shipment
NO	No concept
SER	Services
IVM	Invoice M - VAT

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.