| # Kind of Tax VAT Regular value added tax (VAT) on sales and purchases. Note For tax registration setup, this kind of tax also represents sales tax. Stamp Tax A kind of tax on trade notes. Withholding Income Tax Withholding tax that you must withhold from your suppliers' purchase invoices and pay directly to the collection office. Withholding Social Contribution Withholding social contributions on purchase invoices that you must withhold from your suppliers' purchase invoices and pay directly to the collection office. Social Contribution (Company Expense) Social contributions (expense) that you can post as costs. Exclude from Withholding You can link tax codes of this kind of tax to purchase transactions that are not subject to withholding tax, but that you must report to the collection office for withholding tax and social contributions. Tax Settlement On the tax analysis reports, tax payments to the collection office are represented by this kind of tax code. Not Applicable None of the previous types apply. For example, for a group tax code the kind of tax is Not Applicable. |