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Withholding Tax By Payment Report

Use the Withholding Tax By Payment Report to review detailed invoice withholding tax information for a supplier, including invoice number, amount subject to withholding, and tax amounts withheld. Submit this report if your Apply Withholding Tax Payables option is At Payment Time. This report lists withholding tax information only for invoices that have amounts withheld.

Use the information in this report to satisfy management, supplier and tax authority reporting requirements.

Payables sorts this report by supplier. It then sorts by currency if you select Original Currency as a report parameter. Payables displays one line for each Withholding Tax type tax name and amount range that is in effect for the displayed invoice.

Report Submission

You submit this report from the Submit Request window. See: Submitting Standard Reports, Programs, and Listings.

Selected Report Parameters

Begin/End Date. Payables lists all invoices that have Withholding Tax type invoice distributions with GL Dates on or between the Begin Date and the End Date.

Currency.

Selected Report Headings

Tax File Number. Taxpayer ID for the supplier.

Discount Amount. The total amount of all discounts taken for the displayed invoice payment amount and invoice. Displayed in the payment currency. If your Include Discount Amount Payables option is enabled, and your Apply Withholding Tax Payables option is At Payment Time, Payables withholds taxes during payment processing, and includes all invoice discount taken amounts when it calculates withholding tax amounts for the displayed invoice.

Date Paid. Invoice payment date.

Tax Code. The Withholding Tax type tax name for which an amount is withheld for the displayed invoice. Payables displays one line for each Withholding Tax type tax name and amount range that is in effect for the displayed invoice.

Tax Rate. The tax rate that is in effect for the displayed Withholding Tax type tax name and invoice. Payables displays the exception or certificate rate, if it applies.

Gross Amount. The amount subject to withholding tax for the displayed Withholding Tax type tax name and invoice. An invoice distribution is subject to withholding tax if it is assigned a Withholding Tax Group.

W'Tax Amount. The amount withheld for the displayed Withholding Tax type tax name and invoice. The withheld amount might be less than the rate times the amount subject to withholding due to amount limits you define for a Withholding Tax type tax name.

See Also

Automatic Withholding Tax Overview

Common Report Parameters

Common Report Headings

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