Withholding Tax Type
Definition
See
withholding tax type. For generic information about withholding tax types, see
Defining Withholding Tax Types.
Use
Customizing
You define withholding tax types in Customizing for Financial Accounting (FI), by choosing Financial Accounting Global Settings
® Withholding Tax ® Extended Withholding Tax ® Calculation ® Withholding Tax Type ® Define Withholding Tax Type for Invoice Posting.Country Version Colombia comes with the following sample withholding tax types:
|
Withholding tax type |
Description |
|
01 |
Income tax |
|
02 |
Income tax (nonresidents) |
|
03 |
Stamp tax |
|
04 |
Capital gains tax |
|
05 |
Remittance tax |
|
06 |
Industry and commerce tax |
|
07 |
Value-added tax |
|
AT |
Self-withholding income tax |
|
S1 |
Income tax withheld by customer |
|
S2 |
Value-added tax withheld by customer |
|
S3 |
Industry and commerce tax withheld by customer |
Separate withholding tax types are provided for the various forms of withholding taxes in Colombia. Withholding tax types AT, S1, S2, and S3 are provided for use in accounts receivable.