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.