How to calculate Argentina Turnover Perception Tax?
Last updated on SEPTEMBER 12, 2016
Applies to:Oracle Receivables - Version 12.1.2 and later
Information in this document applies to any platform.
How to calculate Argentine Turnover Perception taxes based on invoice line amounts plus their corresponding VAT perception tax, so I need to include VAT Perception tax within the tax basis to calculate the Turnover Perception taxes?
Provincial Turnover Perceptions is a tax paid at the provincial level. Each province has
its own regulations, and each province's tax system has different calculation
percentages, minimum taxable base amounts, and minimum amounts of perceptions.
Turnover Perceptions are reported and accounted separately for each province.
Companies recognized by the provincial tax authority as perceptions or withholding
agents in each jurisdiction practice Perceptions of this tax. Consequently the same
company may be a Perceptions agent in more than one province.
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