Setting Up VAT Withholding Percentages
Access the V.A.T. Withholding Percentages form.
- Company
Enter the company number for which you set up the withholding percentages.
- VAT Withholding Concept
Enter a value that exists in the ARG-VAT Withholding Concept (76/02) UDC table.
- Effective Date
Enter the first day on which the withholding term is effective.
- Expiration Date
Enter the expiration date of the withholding terms.
- % (percentage)
Enter the percentage of the withholding. The maximum value that you can enter is 999,99.
- Legal Concept
Select a code value from the Arg. VAT Legal Concept UDC table (76/L1) that identifies the concept based on the tables from the tax authority.
- Minimum Amount
Enter the minimum amount for withholding. The calculated withholding amount must be greater than this minimum amount to take effect.
- Legal Concept
Enter a value that exists in the ARG-V.A.T. Legal Concept (76/L1) UDC table.
- Calculation Basis (Release 9.2 Update)
Select a value from the Calculation Basis VAT WH UDC table (76A/CV) to indicate the concept that the system uses as the calculation basis for VAT Withholding.
Note: You should not modify the calculation basis for records that have been processed. If you must modify the calculation basis for existing records, Oracle strongly recommends that you change the Expiration Date of your existing records to the current date; and then generate new records that use the new calculation basis.