Withholding tax on payment postings

Postings for withholding tax on payment of the purchase invoice
Step 1. Purchase invoice registration

If you register the purchase invoice, LN creates these postings:

AmountDebit/ CreditLedger accountDefined in session
CostsDebitAccount of the invoice lineDepends on the setup.
Interim VAT on paymentsDebitPurchase Tax on Payments (Interim) of the VAT tax codePosting Data for Singular Tax Codes (tfgld0171s000) or Posting Data for Multiple Tax Codes (tfgld0170s000)
Accounts payableCreditACP control accountAccounts by Financial BP Group (tfacp0110m100)

 

Step 2. Purchase invoice payment

If you finalize the payment of the purchase invoice, LN creates these postings:

AmountDebit/ CreditLedger accountDefined in session
Accounts payableDebitACP Control AccountAccounts by Financial BP Group (tfacp0110m100)
Interim VAT on paymentsCreditPurchase Tax on Payments (Interim) of the VAT tax codePosting Data for Singular Tax Codes (tfgld0171s000) or Posting Data for Multiple Tax Codes (tfgld0170s000)
VAT receivableDebitPurchase Tax account of the VAT tax code
Social contribution payableCreditPurchase Tax account of the Withholding Social Contribution tax code
Social contribution expenseDebitSocial Contribution (Company Expense) account of the Social Contribution (Company Expense) tax code
Social contribution payableCreditPurchase Tax account of the Social Contribution (Company Expense) tax code
Income tax payableCreditPurchase Tax account of the Withholding Income Tax tax code
BankCreditAccount selected for the transaction type used for the bank in Cash Management.