Withholding Tax Fiscal Code (74/WF)

Set up codes to identify the withholding taxes that you process for your suppliers. For example, you might set up withholding tax fiscal codes as follows:

• 1038: Fiscal Code 1038

• 1040: Fiscal Code 1040

Specify a special handling code to indicate the conditions of the withholding tax. Values for the Special Handling Code field are:

• A: Code applies to persons in receipt of sums that are subject to withholding tax as advanced payment.

• B: Code applies to persons in receipt of sums that are subject to withholding tax by way of tax advance.