Create New Withholding Tax Regime

You can set up a new withholding tax regime tailored to the specific requirements of your organization or jurisdiction. This will ensure smooth and compliant tax withholding procedures.

Here’s how you can create a new withholding tax regime:

1. Go to the Setup and Maintenance section in the Navigator.
2. Locate and select the Manage Tax Regimes task.
3. Open the Manage Tax Regimes UI.
4. Select the Withholding Tax option and click on the Create icon.
5. Provide the necessary information for the new tax regime.
6. Specify the legal entity that is subscribed to this regime in the Configuration Options.
7. Save your changes and close the page.

Note: Please note that this is just a possible setup for withholding tax and tax rules. Make sure you set up the withholding tax according to current tax legislation.