Understanding Address Book Information for Peru

Address book records for Peru require additional tax information. The system stores the additional information in the Address Book Tag File - PER - 01 table (F76P101T). The additional information required for Peru includes these elements:

• N.I.T Validation

  The N.I.T number (Número de Identificación Tributaria [NIT]) is the tax identification number. In addition to entering the tax identification number, you specify a legal document type that specifies whether the system must validate the N.I.T. number. The system performs the following validations:

  • The number cannot have more than 11 digits, and the last number must correspond to the verifier digit.

  • The verifier digit must be correct.

  • The number cannot already exist within the system.

    Duplicate N.I.T. numbers are not allowed.

• Withholding

  For suppliers, you must specify whether a tax exemption certificate was entered and, if so, you must enter the due date. If a supplier has a tax exemption certificate, the system does not require you to enter withholding amounts during voucher entry.

  You must also specify whether the supplier has a Solid arid ad withholding exemption and, if so, you must enter the due date.

• VAT Status

  Specify whether the supplier or customer is registered for taxes using the Registered for Taxes field. Enter N to indicate that the supplier or customer is not registered, and Y to indicate that they are registered.