Withholding Tax Type 

Definition

For generic information about withholding tax types, see Defining Withholding Tax Types.

Use

In Venezuela, the law distinguishes between several categories of expenditures, for example, professional services and real estate rental. You define separate withholding tax types for each of these categories.

Customizing

Country Version Venezuela comes with sample withholding tax types, which you can copy and adjust to meet your requirements.

When you customize them, use the activity Define Withholding Tax Types for Payment Posting: in Venezuela, withholding taxes are levied when you make a payment, not when you enter an invoice.