Understanding Tax Withholding Certificates for Ecuador
When processing payments for Ecuador, you must produce a withholding certificate that lists the withholdings for rent and value-added tax (VAT).
You can set up your system to launch the Withholding Certificate for Ecuador (R76E4010) program to produce the withholding certificate automatically when you post payments or you can run the program manually.
Note: You can only run the Withholding
Certificate for Ecuador (R76E4010) program once during payment processing and
posting: If you run it manually, the system does not launch it automatically when
posting a payment and, if you choose to launch it automatically, you cannot run it
manually after the payment posts.
The system uses the first line in the tax area to determine rent withholding.