Letter of retention configuration
The letter of retention document has these two types of reporting:
- Sales Tax Letter: REGISTRO DE RETENCIONES IMPUESTO SOBRE LA RENTA BRUTA
- Income Tax Letter: REGISTRO DE RETENCIONES IMPUESTO A LAS GANANCIAS
To generate a Sales Tax Letter, configure these requirements:
- Enable the vendor’s Enrolled Withholding flag.
- Enable the vendor’s Income Withholding flag.
- Set the invoice’s Income Withholding Code in alpha format. The alpha format contains both letters and numbers, or letters only.
To generate an Income Tax Letter, configure these requirements:
- Enable the vendor’s Enrolled Withholding flag.
- Enable the vendor’s Income Withholding flag.
- Set the invoice’s Income Withholding Code in numeric format. The numeric format contains numbers only.
Note: You cannot generate the letter of retention document
if the invoice has zero total withholding amount.
For more information, see Payables User Guide.