Legal Issues Concerning The Withholding 
retention Concept
retention are the amounts to be deducted, by way of tax on income, individuals or entities engaged in payments to foreign residents Mexico City.The income people who withhold taxes must deliver to the Administration Department Tributaria.Aunque those held are not the cause of the tax, the law considers them jointly responsible with the obligation to cover the amounts to the national treasury, up to the amount by taxpayers.
retention agents
Professional Code defines tax withholding agents as persons designated by law or by the tax authorities that their public duties or by reason of their private activity, involving acts or operations which must make withholding or collection the corresponding tax liability
withholding agent
a) The main requirement is withholding agents to withhold taxes in the cases mentioned in the relevant decree on withholdings and find out the amount deducted timely, in an office of national funds.
b) tax withholding must be carried out at the time of payment or payment into account as provided in Article 1 Decree No. 1808
c) taxes must be withheld entombed in a cash receiving office National (Centra Bank of Venezuela, commercial banks or other financial institutions).
d) The withholding agent should find out the office held in a host of national funds for this purpose must use the forms issued by this.
e) tax withholding must be equal to 34% of the total paid or credited to an account, regardless of the amount of compensation longboat that is for the retention of natural persons.
Determination of% retained by the withholding agent
When the beneficiary does not comply with the obligation notify the debtor or payer of the% of retention, the withholding agent shall determine, based on estimated pay compensation or pay it into account in this tax year minus the tax rebate ten tax units, which will be appropriate for individual .
sanctions in case of default
Loa withholding agents that do not comply with the obligation to withhold tax, amounts withheld under the envisaged retarded to find out i put impacted, appropriated to taxes or fails to provide timely information provided in the Rules or required by tax administration will be punished in accordance with the provisions in the tax code.
should not be any deduction made in the case of payments in kind or in the case of enrichment exempt from income tax and when it comes to enrichment of that tax exempt.
Receiving offices of national funds to the national treasury should find out the amounts withheld from withholding agents within the period established banking agreements
retention are the amounts to be deducted, by way of tax on income, individuals or entities engaged in payments to foreign residents Mexico City.The income people who withhold taxes must deliver to the Administration Department Tributaria.Aunque those held are not the cause of the tax, the law considers them jointly responsible with the obligation to cover the amounts to the national treasury, up to the amount by taxpayers.
retention agents
Professional Code defines tax withholding agents as persons designated by law or by the tax authorities that their public duties or by reason of their private activity, involving acts or operations which must make withholding or collection the corresponding tax liability
withholding agent
a) The main requirement is withholding agents to withhold taxes in the cases mentioned in the relevant decree on withholdings and find out the amount deducted timely, in an office of national funds.
b) tax withholding must be carried out at the time of payment or payment into account as provided in Article 1 Decree No. 1808
c) taxes must be withheld entombed in a cash receiving office National (Centra Bank of Venezuela, commercial banks or other financial institutions).
d) The withholding agent should find out the office held in a host of national funds for this purpose must use the forms issued by this.
e) tax withholding must be equal to 34% of the total paid or credited to an account, regardless of the amount of compensation longboat that is for the retention of natural persons.
Determination of% retained by the withholding agent
When the beneficiary does not comply with the obligation notify the debtor or payer of the% of retention, the withholding agent shall determine, based on estimated pay compensation or pay it into account in this tax year minus the tax rebate ten tax units, which will be appropriate for individual .
sanctions in case of default
Loa withholding agents that do not comply with the obligation to withhold tax, amounts withheld under the envisaged retarded to find out i put impacted, appropriated to taxes or fails to provide timely information provided in the Rules or required by tax administration will be punished in accordance with the provisions in the tax code. should not be any deduction made in the case of payments in kind or in the case of enrichment exempt from income tax and when it comes to enrichment of that tax exempt.
Receiving offices of national funds to the national treasury should find out the amounts withheld from withholding agents within the period established banking agreements
Bibliogragia
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