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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.


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


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




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