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Configure printing for the VAT Withholding report for Venezuela

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This article explains how to set up and generate the VAT Withholding report for Venezuela in Microsoft Dynamics 365 Finance.

This document holds information about the withholdings that are generated from vendor invoices, debit notes, and credit notes.

Prerequisites

Before you can generate the report, the following prerequisites must be met:

  • The legal entity's address must be in Venezuela.

  • You must enable both the general Latin American (LATAM) feature and the country/region-specific LATAM feature for Venezuela.

  • You must download the specific report configuration from the Dataverse configuration repository. Learn more in Import Electronic reporting (ER) configurations from Dataverse.

    The following formats constitute VAT Withholding report:

    • LTM Tax Report
    • LTM Tax Report mapping
    • File Export VAT Withholdings (VE)

  • You must configure the Electronic reporting (ER) parameters. Learn more in Configure the Electronic reporting (ER) framework.

Additional configuration required for the VAT Withholding report

  • You must create a tax application code to use on this report. Learn more in Tax application for Latin America.
  • In the Tax income field of the Tax application page for the sales tax codes that are used as value-added tax (VAT) withholding taxes, enter the withholding tax fiscal code according to the fiscal authority.
  • Go to Organization administration > Setup > LATAM > Document class > Tax application, and enter the code that the fiscal authority established for invoices, debit notes, and credit notes.

Configure application-specific parameters for the VAT Withholding report

To configure application-specific parameters, follow these steps.

  1. Go to Organization administration > Workspaces > Electronic reporting, and select Reporting configurations.
  2. In the LTM Tax Report group, select the File Export VAT Withholdings format.
  3. On the Action Pane, on the Configurations tab, in the Application specific parameters group, select Setup.
  4. On the Lookups FastTab, select WithholdingTax.
  5. On the Conditions FastTab, select Add.
  6. In the Lookup result field, select Withholding.
  7. In the Tax code field, select the tax codes that are used as VAT withholding taxes.
  8. On the Lookups FastTab, select VendorApplicableInvoices.
  9. On the Conditions FastTab, select Add.
  10. In the Lookup result field, select Yes.
  11. In the Document classification Id (VoucherClassId) field, select all document classes that are required for vendor transactions (invoices, debit notes, and credit notes).

Note

Complete each lookup with No or Not applicable conditions where you select Blank and Not blank.

Generate the VAT Withholding report

To generate the VAT Withholding report, follow these steps.

  1. Go to Tax > Inquiries and reports > LATAM > Tax reporting.
  2. In the Format mapping field, enter or select File Export VAT Withholdings (VE).
  3. Select OK.
  4. In the TAX application Id field, enter the tax application code that was created for this report.
  5. In the From date and To date fields, specify the date range for the report.
  6. Select OK.
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