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Withholding Tax Overview

Oracle Financials for Korea's Withholding Tax lets you do the following:

kor90000.gif Submit a request for the Payables Transfer to General Ledger.

kor90000.gif Issue and maintain invoices for withholding tax purposes.

kor90000.gif Approve each invoice.

Before you run the reports, enter invoice distribution information in a globalization flexfield. See Entering Invoice Distribution Information (Withholding Tax) for more information.

The following reports are for withholding tax:

Business Income Withholding Tax Receipt Report

Withholding Tax for Interest/Dividends Report

Withholding Tax Receipt Report


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