Manage Tax Reporting and Withholding Tax Options

The Manage Tax Reporting and Withholding Tax setup determines when to calculate withholding tax: Invoice Validation or Payment or both Invoice Validation and Payment.

Follow these steps:

1. Based on the country specific tax regulations, you must check these reporting requirements on a periodic basis:
   • Prepaid tax asset created on advances received from customers.
   • Offset of prepaid tax asset created on advance receipts.
2. Under Income Tax Reporting Options section:
   1. Enable the Use combined filing program option.
   2. Enable the Use supplier tax region option.
3. Select the row corresponding to the Standard Invoices withholding option.
4. Click Save.