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Question

E-invoice XML tag - Income Type


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Hi all,

Does anyone know what is the E-invoice xml tag used for the Income Type in MCI?

 

Thank you in advance

Devanthi

3 replies

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  • Superhero (Employee)
  • 1026 replies
  • August 2, 2024

Hi, 

Income type is used by various countries for reporting to the Government. Argentina, Chile (I believe), certainly US and others use this.  Not sure, but either Italy, Spain or Portugal may also use this. 

In US we use this for a specific reporting process (1099) when reporting payments to certain suppliers. 

Best regards, 

Thomas


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Hi @Thomas Peterson 

This is a US requirement, and do you know the relevant xml tag for Income Type?

 

Thanks.


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  • Do Gooder (Partner)
  • 7 replies
  • August 7, 2024

Hi,

Currently in standard E-Invoice XML file there is no tag that supported to upload Income Type to IFS.

However, as I can remember when creating supplier invoice from the XML file, then the default income type of the supplier will be fetched.

 

Best Regards,

Dinusha 


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