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Object documentation Withholding Tax Locate the document in its SAP Library structure

Definition

See Structure link Withholding Tax.

Use

In Chile, you are required to collect tax on a variety of expenditures, including:

A form of income tax levied on payments to company directors and the self-employed.

An income tax levied on payments to corporations and individuals based outside of Chile.

VAT is withheld on payments to miners and farmers.

When you create a company code using the template for Chile, the system makes all the settings required for these taxes.

In Chile, you withhold tax as soon as you receive an invoice; you use the extended withholding tax functions.

See also:

Structure link Extended Withholding Tax (Release 4.0)

 

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