Understanding Legal Company Constants for Peru

You use the Legal Company Constants program (P76H002) to specify whether value-added tax (VAT) reimbursement validation is defined in days or months. This program complies with the VAT law provisions. An invoice does not charge a tax area with a fiscal credit if the number of days or months between the dates defined in the constants exceeds the number allowed by law.

If the VAT reimbursable validation is defined in months, only the fiscal credit can be taken within the two tax periods for an invoice. If it is defined in days, the fiscal credit applies to days.

This table provides an example of the relationships between the From and Thru dates that you define in the legal company constants:

From Date	Thru Date	Relationship
Y	Y	G/L Date - Service Date
Y	N	G/L Date - Invoice Date
N	Y	Today's Date - Service Date
N	N	Today's Date - Invoice Date

See also:

• Setting Up the System for Legal Requirements for Peru.