Legendary Pokemons Ever

Function and application of the tax regime

Agent Retention: a.-

withhold at the time payment is made, regardless of the date the transaction was taxed with the VAT.

In the event that payment is made to a third party Retention Agent shall issue and deliver to the supplier withholding. In the case of partial payments, the retention rate is applied to the amount of each payment. B.

-Retention Agent declare the total amount of the deductions made in the period and the corresponding payment made using the PDT-retention agents, Virtual Form No. 626.

Withholding Agent must provide the aforementioned PDT even if no withholding had been practiced in the period.

NOTE:

* The declaration and payment is made in accordance with the schedule for compliance with their tax obligations.

* Withholding Agent may not offset the balance in favor of the exporter against payments have to be effected by withholding made.

* For purposes of calculating the withholding amount in the foreign currency transactions, currency conversion to be carried out at weighted average exchange rate sale, published by the Superintendency of Banking and Insurance on the date payment. In the days when they do not publish the exchange rate referred to is use the last published.

* The following graphic shows how the record is made of retention and what is the structure of the data to be used in order to import the data to the PDT 626 - Withholding Agents.