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How To Implement VAT Withholding in Paraguay Localizations (Doc ID 2743846.1)

Last updated on FEBRUARY 14, 2021

Applies to:

Oracle Financials for the Americas - Version 12.1.1 and later
Information in this document applies to any platform.

Goal

Implement VAT Withholding in Paraguay Localizations

The IVA withholding is applied on national purchases in Paraguay and is a fiscal requirement. The withholding application doesn't take into consideration the invoice individually. It takes into consideration the total amount paid to the supplier during the current month. In other words, consider all the invoices paid along the month to apply withholding or not after reaching a minimum amount.

Solution

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In this Document
Goal
Solution
References


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