(BRA) Set up a withholding tax settlement period

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

When you collect withholding taxes, you must settle and pay taxes at regular intervals called settlement periods. You can set up a withholding tax settlement period, and then attach one or more withholding tax codes. For more information, see Sales tax settlement periods (form).

1. Click General ledger > Setup > Withholding tax > Brazil > Withholding tax settlement periods.

2. Create a withholding tax settlement period. For more information, see Set up a sales tax settlement period.

3. In the Settlement period field, enter a unique code to identify the withholding tax settlement period.

4. In the Description field, enter a description of the withholding tax settlement period.

5. In the Terms of payment field, select the terms of payment for the withholding tax payments.

6. In the Authority field, select the withholding tax authority to which taxes are reported and paid at the end of a withholding tax settlement period.

7. In the Period interval field, select the settlement period interval from the following options:

   • Days

   • Months

   • Years

8. In the Number of units field, enter the number of period units to define the withholding tax settlement period. The length of each period that is created on the Periods tab is equal to the period interval multiplied by the number of units.

9. In the From date and To date fields, select the starting date and ending date of the settlement period.

   Note

   After you create the first period, click New period to create the other periods. This ensures that all days are accounted for, and that each day appears in only one period.

See also

(BRA) Withholding tax payments inquiry (form)

(BRA) Withholding tax transactions (form)

(BRA) Set up an item withholding tax group

(BRA) Calculate withholding tax for the sale of services

(BRA) Calculate withholding tax for the purchase of services