EC Localization - Withholding tax (Special taxpayer)
Hi SAP Experts
One of my company code's are from EC Ecuador and has a specific tax localization requirement that we need to cover after November 3rd. 2015
It seems our company code it is qualified as a "special tax payer" (on spanish it is Contribuyente Especial)
according to NAC-DGERSGE15-00000745-K resolution from SRI (Ecuador's Tax Office).
According with this boletin, all good and service purchasing and building contracts applys a specific withholding tax (retención de impuestos) for 10%, 20% and 30% respectively from the valued added tax amount (IVA - Impuesto al Valor Agreegado).
We are planning to use the standard "extendend withholding tax" solution from SAP to create the specific withholding tax type / tax code for each tax rate.
And then assigned to the vendor master data.
I would like to know whether it is the correct approach, or there a "specific" EC localization that we also need to cover to complete this challenge
Many thanks for your help