Contribution Brackets Window
Specifies contribution bracket codes and descriptions that are used to satisfy social security withholding tax contributions for purchases from vendors.
Contribution brackets define the divisions at which social security rates change in a progressive tax system. When you set up a contribution bracket for social security, you define the cutoff limits at which the percentage of withholding tax change.
For more information about a specific field, select the field, and then press F1.
Additional Information
In Italy, businesses must withhold social security taxes from payments to certain types of independent contractors or consultants. You are required by law to withhold a predetermined percent of the total social security taxes due and remit the amount to the Instituto Nazionale Previdenza Sociale (INPS). The vendor is responsible for paying the remaining social security tax liability.
Tip
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See Also
Reference
Contribution Codes
Withh. Taxes-Contribution Card