Impact of Withholding Taxes on Collection Documents

Receivables can calculate withholding taxes at invoice entry time or at payment time, per the requirements and configuration.

The Calculation Point configuration is set up at the Tax level and in the Configuration Owner Tax Options page. For the business unit and legal entity, the calculation must be turned on at both invoice and payment time because there are applicable withholding taxes at both taxation points.

For more information on withholding taxes, see the Oracle Financials Cloud Implementing Tax guide at http://docs.oracle.com