R12: The Calculated Discount Is Not Correct for Colombia - Withholding Not Excluded From Discount Calculation

(Doc ID 1622048.1)

Last updated on JANUARY 03, 2017

Applies to:

Oracle Payables - Version 12.1.3 and later
Information in this document applies to any platform.

Goal

The Calculated Discount in Scheduled Payments is not correct as per Colombia legislation.

Example:


The correct procedure is

Amount Line 1.000.000
Rate 5%  
Amount Discount 50.000


 

The calculation should be:
The base amount 1.000.000
Discount of 5% 50.000
Withholding Amount 52.900
Total  897.100

 


      
             
      
                        

Solution

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