Withholding taxes on vendor payments (Brazil)

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

You can use the Journal voucher page to enter and post payments that you make to a vendor for the purchase of items or services. When you post a vendor payment journal, the withholding tax group that is set up for the vendor is used to calculate the withholding tax on the transaction. This task uses the BRMF demo company.

  1. Go to Accounts payable > Vendors > All vendors.
  2. In the list, find and select the desired record.
  3. In the list, click the link in the selected row.
  4. Expand the Invoice and delivery section.
  5. Click Edit.
  6. Select Yes in the Calculate withholding tax field.
  7. In the Withholding tax group field, enter or select a value.
  8. In the list, click the link in the selected row.
  9. Click Save.
  10. Close the page.
  11. Close the page.
  12. Go to Procurement and sourcing > Purchase orders > All purchase orders.
  13. Click New.
  14. In the Vendor account field, enter or select a value.
  15. Click OK.
  16. In the Item number field, enter or select a value.
  17. In the Site field, enter or select a value.
  18. In the Quantity field, enter a number.
  19. Expand the Line details section.
  20. Click the Setup tab.
  21. In the Item sales tax group field, enter or select a value.
  22. In the Sales tax group field, enter or select a value.
  23. In the Withholding tax group field, enter or select a value.
  24. In the Item withholding tax group field, enter or select a value.
  25. Click the Fiscal information tab.
  26. In the Service code field, enter or select a value.
  27. Click Save.
  28. On the Action Pane, click Purchase.
  29. Click Confirm.
  30. Close the page.
  31. Close the page.
  32. Go to Accounts payable > Purchase orders > All purchase orders.
  33. In the list, click the link in the selected row.
  34. On the Action Pane, click Invoice.
  35. Click Invoice.
  36. Click Default from: Product receipt quantity to open the drop dialog.
  37. In the Default quantity for lines field, select an option.
  38. Click OK.
  39. In the Document model field, enter or select a value.
  40. In the Number field, type a value.
  41. In the Series field, type a value.
  42. In the Invoice date field, enter a date.
  43. Click Post.
  44. Close the page.
  45. Close the page.
  46. Go to Accounts payable > Payments > Payment journal.
  47. Click New.
  48. In the list, mark the selected row.
  49. In the Name field, enter or select a value.
  50. Click Lines.
  51. In the list, mark the selected row.
  52. In the Account field, specify the desired values.
  53. Click Settle transactions.
  54. In the list, find and select the desired record.
  55. Select the Mark check box.
  56. Click the Withholding tax tab.
  57. Click OK.
  58. In the list, mark the selected row.
  59. In the Description field, enter or select a value.
  60. In the Offset account field, specify the desired values.
  61. Click Post.
  62. Close the page.
  63. Close the page.