Withholding Tax Type
Definition
A category of withholding tax.
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.
When you create a company code using the template for Venezuela, the system creates sample withholding tax types.
Integration
You use withholding tax types in conjunction with
withholding tax codes.