Withholding tax processing

Withholding tax is typically a government requirement. The payer of income withholds or deducts direct tax from the payment and pays the tax to the government. Accounts payable withholding tax encompasses situations where amounts are held back from payments to the vendor and the payments are reported to the government.

Brazil specifics

The Brazilian government has transferred the responsibility for the tax liability of companies to the payer or the service holder. The payer is responsible for the withholding various taxes including IRRF, CSLL, COFINS, PIS, INSS, and ISS.

How Infor meets this requirement

For setup information in Payables, see the Financials Setup and Administration Guide.

See the Payables User Guide.