Setting Up Withholding Percentages Manually in Mexico
Access the Withholding Percentage Revisions form.
- Company
Enter the company for which the withholding percentage applies. You must complete this field.
- Withholding Type
Enter a value from the Withholding Type (76M/WT) UDC table to specify whether to set up a withholding percentage for VAT or for income withholding. You must complete this field.
- Withholding Concept
Enter a value from the Withholding Concepts table (F76M002) to specify the withholding concept for which you set up the withholding percentage. You can enter only a concept that is associated with the withholding type that you specified in the Withholding Type field. You must complete this field.
- Effective Date
Enter the beginning of the date range for which the withholding percentage is in effect. You must complete this field.
- Expiration Date
Enter the end of the date range for the withholding percentage. You must complete this field.
- Withholding Percentage
Enter the withholding percentage. If you do not complete this field, the system assigns a value of zero (0) percent.
- Gross or Taxable
Enter a value from the Withholding Applicable Type (76M/AT) UDC table to specify whether to apply the percentage to the gross amount or taxable amount. Values are:
G: Gross amount. The system ignores the Tax Explanation code and calculates the VAT or income withholding based on the gross amount of the voucher line.
T: Taxable amount. The system uses the taxable amount when you process income or VAT withholding.