Set Up Withholding Tax in the Italian Version
Companies must pay withholding tax to the government for third-party services and vendor purchases. Withholding tax is calculated during invoice payment rather than during invoice posting.
To set up withholding tax codes
Choose the icon, enter Withholding Tax, and then choose the link for the Code page.
In the Code page, to add a new withholding code, choose the New action, and then enter information into the relevant fields. Fahren Sie über ein Feld, um eine Kurzbeschreibung zu lesen.
To add lines to the withholding tax code, choose the Withhold Code Lines action.
Enter information into the relevant fields. Fahren Sie über ein Feld, um eine Kurzbeschreibung zu lesen.
Repeat these steps for additional codes.
To set up withholding tax for vendors
Choose the icon, enter Vendors, and then choose the related link.
Open the relevant vendor's vendor card.
Fill in the relevant fields. Specifically for withholding tax purposes, you must add the following information:
- The vendor's personal data.
- The contact details for the vendor.
- The invoicing details for the vendor.
- The payment information for the vendor.
- The subcontracting information for the vendor.
- The foreign trade information for the vendor.
- The relevant fields on the Free Lance Fee FastTab, such as the Withholding Tax Code field.
To calculate withholding tax for purchase invoices
Choose the icon, enter Purchase Invoices, and then choose the related link.
Open the relevant purchase invoice.
Choose the Withhold Taxes-Soc. Sec. action.
In the Withh. Taxes-Contribution Card page, review the information in the various fields, and make sure that the Withholding Tax Code field specifies the right code for the vendor.
To calculate the withholding tax amount before posting, choose the Calculate action.
To make a vendor payment
Choose the icon, enter Payment Journals, and then choose the related link.
To create a new payment journal line, enter the relevant information in the fields.
To make a vendor payment, choose the Post action.
Hinweis
The amount in the new line in the Payment Journal page is the withholding tax payment amount.
See Also
Print Withholding Tax Reports
Set Up VAT
Record VAT
Italy Local Functionality
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