| Withholding tax paid periodically - postingsPostings for withholding tax paid periodically by tax
declaration Step 1. Purchase invoice registrationIf you register the purchase invoice, LN creates the
following postings: Amount | Debit/ Credit | Ledger account | Defined in session |
---|
Costs | Debit | Account of the invoice line | Depends on the set up. | VAT
receivable | Debit | Purchase Tax account of the VAT tax
code | Posting Data for Tax Codes (tfgld0171s000) or Posting Data for Multiple Tax Codes (tfgld0170s000) | Social
contribution payable | Credit | Purchase Tax account of the Withholding Social Contribution tax code | Social
contribution expense | Debit | Social Contribution (Company Expense) account of the Social Contribution (Company Expense) tax code | Social contribution expense | Credit | Purchase Tax account of the Social Contribution (Company Expense) tax code | Income tax payable | Credit | Purchase Tax account of the Withholding Income Tax tax code | Accounts
payable | Credit | ACP control account | Accounts by Financial BP Group (tfacp0110m100) |
. Step 2. Purchase invoice paymentIf you finalize the payment of the purchase invoice, LN creates the
following postings: Amount | Debit/ Credit | Ledger account | Defined in session |
---|
Accounts
payable | Debit | Control Account | Accounts by Financial BP Group (tfacp0110m100) | Bank | Credit | Account selected for the
transaction type used for the bank in Cash Management. | |
. Step 3. Periodical withheld income tax and social contributions
declarationIf you submit the periodical withheld income tax and social
contributions declaration, LN creates the following postings: Amount | Debit/ Credit | Ledger account | Defined in session |
---|
Withheld income tax
payable | Debit | Purchase Tax account of the Withholding Income Tax tax code | Posting Data for Tax Codes (tfgld0171s000) or Posting Data for Multiple Tax Codes (tfgld0170s000) | Social
contribution payable | Debit | Purchase Tax account of the Withholding Social Contribution tax code | Social
contribution payable | Debit | Purchase Tax account of the Social Contribution (Company Expense) tax code | Interim withheld income tax and social contributions payment | Credit | Interim Tax Payment Account of the tax declaration master. | Tax Declaration Master (tfgld1620m000) |
. Step 4. Periodical withheld income tax and social contributions
paymentIf you proces the payment of the withheld income tax and
social contributions declaration, LN creates the following postings: Amount | Debit/ Credit | Ledger account | Defined in session |
---|
Interim withheld
income tax and social contributions payment | Debit | Interim Tax Payment Account of the tax declaration master. | Tax Declaration Master (tfgld1620m000) | Bank | Credit | Account selected for the transaction type used for the bank in Cash Management. | |
. | |