Withholding Element

An Activity that withdrawals Policy value can be subject to various taxes. A Withholding screen will define the information to be captured on the Activity entry and made available to calculations so that some portion of the withdrawal can be accumulated and reported to a taxing authority.

Withholding: Elements and Attributes

Element/Tag	Attributes	Parent Element	Description	Element/Attribute Value
<Withholding>		<Transaction>	Optional: This element indicates thatthe Activity's entry screen will displaya Withholding tab defined by the WithholdingScreen business rule. This will allow entry of withholding amounts and percentages during activity entry and make that information available to Activity processing.	NodefaultThe Withholding tab will not display during the activity's data entry.YesThe Withholding tab will display during the activity's data entry.

 

XML Schema

<Transaction>
...     
    <Withholding>[No | Yes]</Withholding>
...
</Transaction>

XML Example

<Transaction>   
...    
    <Withholding>Yes</Withholding>
...
</Transaction>