Withholding Tax Code
Definition
See
Withholding Tax Codes.
Use
Whereas you use
withholding tax types to define the different sorts of withholding tax – on professional services or real estate rental, for example – you use the tax codes to specify exactly what the tax rates are and any exemptions that apply.In Venezuela, the amount of tax levied on each type of withholding tax type depends on the status of your business. The different statuses are as follows:
When you create a company code using the template for Venezuela, the system creates sample withholding tax codes. You can add other tax codes as required.