Setting Up Payment Due Dates for Taxes
Before you can use JD Edwards EnterpriseOne software to calculate tax payments and payment due dates, you must set up the Advanced Payment Terms module in the JD Edwards EnterpriseOne Accounts Payable system. Income and social security taxes are due at different times, so you must set up a schedule for the payment due date for each tax type.
This table describes the payment due dates:
Tax |
Due Dates |
|---|---|
IR |
The due date is the Wednesday of the week after the date of payment of the nota fiscal for individuals and the Wednesday of the week after the GL date of the nota fiscal for corporate entities. For example, if you paid an invoice to a corporation on a Monday, the tax payment would be due in nine days. The system uses the payment terms and the Cross Reference - Due Date Tax UDC (76B/VE) when calculating the due date. |
PIS/PASEP COFINS CSLL |
Tax due dates for withholding from the 1st through the 15th of a month, and for withholdings from the 16th through the end of a month are due on the Friday of the week following the end of the payment period. If the Friday is a holiday, then the tax is due on Thursday. For example, if the 15th of the month is a Monday, the taxes for the period of the 1st through the 15th are due on the 26th, which is the Friday of the following week. |
ISS |
The due date is the seventh business day of the month after the date when the nota fiscal is entered into the system. If the seventh day is a nonworking day, the due date is the next working day. The system uses payment terms when calculating the due date. |
INSS |
The due date is the second business day of the month after the date when the nota fiscal is entered into the system. The system uses payment terms when calculating the due date. |
FUNRURAL |
The due date is the second day of the month after the date when the nota fiscal is entered into the system. If the second day is a nonworking day, the due date is the next working day. The system uses payment terms when calculating the due date. |
When you set up your system to calculate payment due dates, you must set up:
Date ranges.
You associate the date ranges that you set up to due date rules.
Due date rules.
Due date rules specify how the system adds days to the date that the system uses for calculating the payment due date, whether the calculation for the payment due date is based on the date of the invoice or the GL date, and which work day rule the system uses.
Payment terms.
Payment terms specify whether the system uses a due date rule to remit the payment on a net or on a discount basis. You associate the codes that you set up for due date rules to other payment rules when you create the codes for payment terms. The system uses the payment term codes as the description in the 76B/VE UDC, which associates the payment terms with invoice dates.
The Cross Reference - Due Date Tax UDC table (76B/VE).
Set up this UDC to work with IR taxes.