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Subject: [OASIS Issue Tracker] (UBL-18) Align CreditNote with Invoice document around withholding tax information
[ https://issues.oasis-open.org/browse/UBL-18?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=63203#comment-63203 ] Kees Duvekot commented on UBL-18: --------------------------------- changes to the spreadsheet was already done by me (thanks Ken for helping me) > Align CreditNote with Invoice document around withholding tax information > ------------------------------------------------------------------------- > > Key: UBL-18 > URL: https://issues.oasis-open.org/browse/UBL-18 > Project: OASIS Universal Business Language (UBL) TC > Issue Type: New Feature > Components: Documents and business objects > Reporter: Ken Holman > Assignee: Ken Holman > Priority: Minor > > Please see: > https://lists.oasis-open.org/archives/ubl/201505/msg00009.html > Roberto Cisternino wrote: > Good day UBL..lers, > Unfortunately I noted there is a missing ABIE in the UBL-CreditNote-2.1 which is the WithholdingTaxTotal (actually is my fault...) > In fact if a company/freelancer is subject to the withholding tax on the invoice document it is required to apply the same tax on the credit note. > Practically the withholding tax amount is corrected by the credit note just like other amounts. > Of course the process of obtaining back the overpaid withholding tax from the tax authority is outside the invoicing process. > Another important point is that the Withholding tax (W/T) is not a VAT tax but instead an Income tax. > The AccountingCustomerParty has the responsability to pay the W/T to the tax authority on behalf of the AccountingSupplierParty. > This means that under the LegalMonetaryTotal the PayableAmount (and PayableAlternativeAmount) needs to be subtracted by the W/T total amount (this is a calculation aspect). > At this point I would see a new BIE named "PayableWithholdingTaxAmount" (0..1) under the LegalMonetaryTotal to evidence the W/T amount to be paid separately from the PayableAmount. -- This message was sent by Atlassian JIRA (v6.2.2#6258)
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