1. Localizations for Venezuela Implementation Guide
  2. Understanding Setup for Municipal Taxes

Understanding Setup for Municipal Taxes

Use the IM Withholding Setup program (P76V4025) to set up information for the withholding of municipal taxes (IM). The IM Withholding Setup program enables you to set up for each supplier:

  • IM withholding concept.

  • Minimum and maximum amounts for which to apply the withholding.

  • Percentage of the amount subject to withholding.

  • Withholding percentage.

  • Effective dates.

The system saves the information that you enter to the IM Withholdings Setup table (F76V4025). Access the Work with IM Withholdings Setup form to view the information in this table.