Edit

Brazilian withholding taxes

  • Article

This procedure sets up a withholding tax code, withholding tax type, and calculation parameter to calculate withholding taxes for consultancy services or professional service payments. This procedure uses the BRMF demo company.

  1. Go to Tax > Setup > Withholding tax > Withholding tax settlement periods.
  2. Click New.
  3. In the Settlement period field, type a value.
  4. In the Description field, type a value.
  5. In the Authority field, enter or select a value.
  6. In the Period interval unit field, select an option.
  7. In the Period interval duration field, enter a number.
  8. Click Add.
  9. In the list, mark the selected row.
  10. In the From date field, enter a date.
  11. In the To date field, enter a date.
  12. On the Action Pane, click ActionPaneTab.
  13. Click New period.
  14. Click Save.
  15. Close the page.
  16. Go to Tax > Indirect taxes > Withholding tax > Withholding tax codes.
  17. Click New.
  18. In the Withholding tax code field, type a value.
  19. In the Withholding tax name field, type a value.
  20. In the Brazilian tax withhold type field, select an option.
  21. In the Main account field, specify the desired values.
  22. In the Withholding tax receivable field, specify the desired values.
  23. In the Settlement period field, enter or select a value.
  24. Expand the Calculation section.
  25. In the Origin field, select an option.
  26. Click Save.
  27. Click Values.
  28. In the Value field, enter a number.
  29. Click Save.
  30. Close the page.
  31. Close the page.
  32. Go to Tax > Indirect taxes > Withholding tax > Withholding tax groups.
  33. Click New.
  34. In the Withholding tax group field, type a value.
  35. In the Description field, type a value.
  36. In the Withholding tax code field, enter or select a value.
  37. Click Save.
  38. Close the page.
  39. Go to Tax > Indirect taxes > Withholding tax > Item withholding tax groups.
  40. Click New.
  41. In the Item withholding tax group field, type a value.
  42. In the Description field, type a value.
  43. In the Withholding tax code field, enter or select a value.
  44. Click Save.
  45. Close the page.