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VAT Withholding in Colombia does not calculated using standard tax rules

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edited Sep 3, 2019 3:44PM in Tax & Global 8 comments

Summary

VAT Withholding in Colombia does not calculated using standard tax rules

Content

Hi 

I followed this note about VAT Withholding in Colombia: 

https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-financials-wn.htm#F381 

However, when I tried it with Payables document, Tax Manager calculates default VAT Withholding Tax rate, no VAT Withholding Tax rate associated with tax rules. 

This withholding is important in Colombia in Customer' Sales and Purchase operations. 

Thanks 

Cristian. 

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