Setting up for withholding tax reporting

  1. On the Vendor Group record, select the Global Withholding check box.
  2. On the Payables Company record, select the Global Withholding check box.
  3. Create the Withholding Code record.
  4. On the Vendor record, specify this information in the GIIN/FATCA Information section:
    Income Withholding
    Select this check box.
    Enrolled Withholding
    Select this check box.
  5. On the Income Withholding Default tab, specify Income Withholding Code and Description.
  6. Create a purchase order.
    1. Select Supply Management > Purchase Processing > Manage Purchase Orders.
    2. Include AOC, taxes, certification details, lines, etc.
    3. Release the purchase order.
  7. Create a purchase order receipt.
    1. Select Supply Management > Purchase Processing > Manage Receiving > Receiving.
    2. Release the purchase order receipt.
  8. Run Perform Cash Requirements.
  9. Run Complete payment cycle
    Work units are triggered.

    Payable Tracker BOD is triggered to Infor Localization Services when the job payment close is run successfully.

    Withholding Tax Report is generated in LSP for Argentina.