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Object documentationAdvances on Corporate Income Tax on Sales Report Window Locate this document in the navigation structure

 

This window displays the Advances on Corporate Income Tax on Sales Report for Israel.

To open the window, choose   Financials   Financial Reports   Accounting   Tax   Advances on Corporate Income Tax on Sales Report  . Alternatively, open it from the Reports module.

Advances on Corporate Income Tax on Sales Report Window
Date

Specify a time period for the report.
Posting Date From...To...

The defined date range; make any necessary changes.
Advance Payments as % of Sales

Amount of the advance payments that should be paid according to:

  • The business volume in the defined period

  • The advance payment percentage defined for your company

Advance Payment %

Rate of advance payment that should be paid by your company.

Business Sales (LC)

Total amount of sales within the period defined for the report, displayed in local currency.
Withholding Tax to Offset

Amount of withholding tax that can be set off from the amount of advance payment that you have to make. You can set off an amount that is smaller or equal to the amount of the advance payment.
Total Tax Deducted During Months

Amounts that your customers deducted from you within the period defined for the report.
Advance Payments for Surplus Costs

If required, specify the total amount of advance payments previously made for surplus costs.
Surplus Deductions

If applicable, specify the amount of advance payments already made, to be deducted from the total payment due.
Total Payment Due (LC)

Total amount of advance payments that you should make – after taking the advance payments for surplus costs and the surplus deductions into account.