Withholding Tax Payables Options
Use Withholding Tax. Select this option to enable Automatic Withholding Tax. If you enable this option, you have the option to allow your suppliers and supplier sites to be subject to withholding tax. You cannot enable this option if you use either of the Automatic Offsets Payables options.
Allow Manual Withholding. Enable this option to allow manual creation and adjustments of Withholding Tax type distributions for your invoices.
Tax Group. The name of the withholding tax group that you would like to use as the default withholding tax group for the new suppliers you enter.
Apply Withholding Tax. Select the time at which you would like Payables to apply withholding taxes to your supplier's invoices:
- At Invoice Approval time.
- At Payment Time. When you create payments in a payment batch or with a Quick payment.
Withholding Amount Basis
- Include Discount Amount. Payables includes the invoice discount amount when it calculates withholding tax amounts for the invoice.
- Include Tax Amount. Payables includes the invoice tax amount when it calculates withholding tax amounts for the invoice.
Create Withholding Invoice. Select the time at which you would like Payables to automatically create withholding tax invoices to remit withheld taxes to tax authorities:
- At Invoice Approval Time.
See Also
Automatic Withholding Tax Overview
