Setting Up Small Contributor Limits
Access the Small Contributor Limits Revision form.
- Small Contributor Classification
Enter a value from the Small Contributor Classific. (76/13) UDC table to specify whether the limit applies to goods or services.
- Effective Date
Enter the starting date of the limit. The effective date must be before the date of the oldest voucher that you need to process.
- Annual Limit Amount
Enter the amount over which withholding applies. For example, if you enter ARS 72,000, the system calculates withholding for the supplier if the total of the paid and unpaid invoices that you process for the supplier in a 12-month period exceeds 72,000.
- Unit Price Limit
Enter 0 in this field. The unit price limit is no longer used to determine whether VAT and profit withholding apply to small contributors.