1. Localizations for Venezuela Implementation Guide
  2. Understanding the ISLR Withholding Report for Venezuela

Understanding the ISLR Withholding Report for Venezuela

You calculate the withholding of Venezuelan income taxes (Impuesto sobre la Renta [ISLR]) by running the ISLR Withholding Calculation program (R74U4580A). After you run the withholding calculation, you run the ISRL Withholding - XML File Generation report to generate the XML file that you submit each month to the Venezuela fiscal authority (SENIAT). The XML file consists of the details of salary and other ISLR withholdings. The ISRL Withholding - XML File Generation program also generates a PDF file.

Note: The solution provided by the JD Edwards EnterpriseOne software generates the XML file for withholdings for salary only. It does not generate records for withholding for stocks and dividends.

The income tax types known as ISLR withholdings concepts are stored in the A/P Ledger Tag File - VEN (F76V4011). You must create the relationship between the ISLR withholding concept and a VAT withholding type known as ISLR withholding legal concept using the ISLR Relation Concept program (P76V4022) so that ISRL Withholding - XML File includes the legal concept. Generally, you create the relationships only once, or when you add a new concept. The legal concepts are provided by SENIAT.

The ISRL Withholding - XML File Generation report contains the following ISLR withholding information:

  • Company Fiscal ID: Fiscal ID of the company, which is specified in the processing option of the report. The system uses the company number to obtain the fiscal ID (F0101.TAX) from the address book record.

  • Month Reported: Month for which the XML file is generated. The system determines the month from the values that you specify in the From Date and To Date processing options.

  • Supplier Fiscal ID: Tax ID of the address number of the transaction record stored in the F0411 table.

  • Invoice Legal Number: Number stored in the VINV field of the F0411 table for the transaction.

  • Control Invoice Number: Number stored in the 76ICNV field of the F76V4011 table for the transaction.

  • Legal ISLR Withholding Concept: Withholding legal concept (V76ISLC), which the system obtains by using the concept in the voucher to find the related legal withholding concept that you set up in the ISLR Withholding Concepts Relationship program.

  • Amount Operation: Total amount specified in the transaction record.

    Total amount = Gross amount - tax amount for each line of the transaction record.

  • Withholding Percentage: Withholding percentage stored in the Percentage - Withholding Tax (IRPR) field of the Retention History - VEN table (F76V4581). If the documents with ISRL withholding legal concepts do not have a withholding calculated, then the XML is generated with a withholding percentage equal to zero.

  • The ISRL Withholding - XML File Generation report includes all documents that have ISLR withholding concepts even if there is no tax detail in the transaction record. However, voided transactions or transactions without an associated legal concept are not included in the report.