Tax Coverage

6 Tax Categories

P4 Books handles every type of tax retention your business encounters—income tax, VAT, municipal taxes, social security, dividends, and special industry taxes.

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Income Tax
VAT/ITBMS
Municipal
Social Security
Dividends
Special Taxes

Complete Tax Retention Coverage

Each category handles the specific requirements of that tax type with configurable rules and rates.

1

Income Tax Retention

Withhold income tax on payments to vendors, contractors, and service providers based on their classification.

Example Rates
Services (Individual) 5%
Professional Fees 10%
Corporate Services 2.5%
2

VAT/ITBMS Retention

Retain a portion of VAT/ITBMS on purchases when required by tax authority designation.

Example Rates
Large Taxpayer 50% of Tax
Special Agent 75% of Tax
Full Retention 100% of Tax
3

Municipal Taxes

Local government taxes and license fees that vary by municipality and business type.

Example Rates
Business License 1.5%
Industry Tax 0.5%
Services Tax 2%
5

Dividend Withholding

Tax withholding on dividend distributions to shareholders based on residency and tax treaties.

Example Rates
Resident Individual 10%
Non-Resident 20%
Treaty Rate 5-15%
6

Special Taxes

Industry-specific taxes like telecommunications, insurance, mining, and other regulated sectors.

Example Rates
Telecom Tax 5%
Insurance Premium 2%
Financial Trans. 0.4%

Pre-Configured by Country

Each country comes pre-loaded with its specific tax categories, rates, and filing requirements.

Country Income VAT Municipal Social Dividend Special
Panama Panama
Mexico Mexico
Colombia Colombia
Peru Peru
See All 33+ Countries

Complete Tax Coverage for Your Business

See how P4 Books handles all your tax retention requirements.

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