RE: Argentinian Witholding Tax

[lukeyap@xxxxxxxxxxxx (Luke Yap)]

Thank you for your reply Bob

Let me check if I have understood you correctly. If the company were to pay a 
vendor for his services and the company is under legal obligation to withhold 
five percent from the gross payment. Then IFM will deduct five percent upon 
payment. I am assuming both manual payments and payment list will use this 
feature.


In Thailand, there are two forms of withholding tax methods - one is triggered 
upon on entry of transaction and accrued. (IFM can handle this) The second is 
triggered upon payment. Both are mutually exclusive. This means if the withhold 
tax is accrued, then withhold tax is not deducted again upon payment.  If the 
withhold tax has not been accrued, it will be deducted upon payment. 

In Asia, the most common method of withhold tax is performed upon payment of 
services and not accrued during entry of transaction.

I need more details(preferably an example) on how it functions since you have 
stated that it is dependent on type of vendors and previous payments made 
during the year.


regards


Luke Yap






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