SuiteTax Latam Engine - Colombia Records Overview
The SuiteTax Latam Engine - Colombia Records SuiteApp enables you to comply with tax determination requirements from Colombia.
The SuiteApp provides predefined plug-ins and records required to calculate taxes for companies doing business in Colombia. SuiteTax Latam Engine - Colombia Records provides predefined plug-ins and records for the following taxes:
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Impuesto al valor agregado (IVA)
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Retención en la fuente (RETEFUENTE)
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Retención de industria y comercio (RETEICA)
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Retención en la fuente por IVA (RETEIVA)
The SuiteTax Latam Engine - Colombia Records SuiteApp also provides a set of predefined tax determination rules for specific taxation scenarios.
The tax determination rules are available as CSV files that you can import to your account according to your business needs. Use the predefined files as examples or basic structures for you to set up your own tax determination rules.
For more information about installing the SuiteApp, see SuiteTax Latam Engine - Colombia Records SuiteApp Installation.