Computed Contribution Window

Specifies social security and workers’ compensation contribution taxes on non-inventory services that you have purchased from an independent contractor or consultant. When you post a purchase invoice that contains a contribution tax amount, this window is updated to include information about the vendor, contributions, and related dates.

For more information about a specific field, select the field, and then press F1.

Additional Information

Certain independent contractors or consultants are subject to social security withholding taxes. You are required by law to withhold a predetermined percent of the 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.

The Italian Workers’ Compensation Authority (INAIL) is responsible for providing compulsory insurance against accidents at work and occupational diseases. Under provisions of the law, a company is required to insure independent contractors or consultants against the risk of possible accidents in the workplace or diseases caused by working activities.

See Also

Reference

Contribution Codes
Contribution Brackets

Other Resources

How to: Set Up Withholding Tax
How to: Create Purchase Invoices
How to: Post Purchase Invoices