Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Argentina Withholding Tax for 'Professional Services' Income Tax

edited Oct 11, 2019 9:59AM in Tax & Global 2 comments

Summary

How to configure withholding tax for Argentina 'Professional Services' Income Tax?

Content

Argentina 'Professional Services' Income Tax withholding has a schedule that includes a fix withheld amount and a percentage that is applied to a portion of the invoice net amount. This is shown in the Excel attached.

Please, has anyone addressed this configuration in Cloud and has advice on how to do it?

Please, see attached excel for a clear example of the requirement and use case.

The E-Business Suite version of Oracle has a global flexfield with an 'amount to add to the calculated tax' and 'amount to substract from the taxable basis' that cover the requirement for the 'Professional Services' rate schedule.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!