Understanding Address Book Information for Venezuela

When entering address book records for Venezuela, you must enter the R.I.F (Fiscal Information Register) number in the Tax ID field on the Address Book Revision form and enter the N.I.T (Número de Identificación Tributaria) number in the Add'l Ind Tax ID field on the same form. When you enter the R.I.F number, do not enter any spaces or special characters.

When you click OK on the Address Book Revision form, the system displays the A/B Additional Information form. Use this form to enter the ISLR, IM (municipal taxes), and VAT concepts for suppliers. The system uses the values that you enter when calculating supplier withholding taxes.