Monthly Withholding Tax for Israel (tftax2500m000)

	Monthly Withholding Tax for Israel (tftax2500m000) Use this session to view, for a specific withholding tax declaration and tax year, the total tax amounts (= withheld deductions) and the total tax base amounts (= payments). Note For more information, refer to MS Excel integration in the Infor Web UI online help. Tax Declaration Type Withholding Income Tax Tax Category A way to distinguish and/or group types of tax for inquiries, reporting, and tax payment selections. For example, for social contributions the categories Unemployment and Medical insurance can be required. Collection Office The authority to which the tax or social contribution must be paid. In LN, a collection office is defined as a business partner with only the invoice-from and pay-to roles. Version A code identifying the tax declaration master. Home Currency One of a company's base currencies in which LN registers and reports amounts. In a multicurrency system, up to three home currencies can be defined: The local currency Two reporting currencies Year / Period The tax year for which the monthly total tax amounts are displayed. Period The period number. Description The period name. Tax Base Amount The value that LN uses to calculate the tax amounts. Usually, the tax base value is the net order amount or the net invoice amount. However, for types of tax such as social contributions that can be charged on a part of the invoice amount, the tax base value can be a percentage of the net amount. Tax Amount The withholding tax amount payable to the tax authorities.