Withholding Taxes on Bills

Important:

The topics here cover withholding tax for NetSuite accounts without the SuiteTax feature enabled. If you're using an account with SuiteTax enabled, go to Withholding Taxes in SuiteTax.

Withholding tax isn't getting new features and reports in accounts without SuiteTax. Updates to the Withholding Tax SuiteApp now include only fixes for reported issues.

To apply withholding taxes on creation of a vendor bill:

  1. Go to Transactions > Purchases/Vendors > Enter Bills.

  2. Select the vendor for this bill. If the vendor is from a nexus where withholding tax is used, the system reloads the form to display the withholding tax objects.

  3. Enter expenses or items for this bill.

    1. To apply withholding tax to the total of the bill, do the following:

      • On the Withholding Tax tab under Expenses and Items, set the Applies To field to Total Amount.

      • In the Tax Code field, select the appropriate withholding tax code. You can also select a tax code in the Tax Code column of the Expenses and Items list.

    2. To apply withholding tax to individual items, do the following:

      • On the Withholding Tax tab under Expenses and Items, set the Applies To field to Individual Line Items.

      • On the Expenses and Items subtab, check the Apply WH Tax? box for each line item that you want to apply withholding tax to. In the Withholding Tax Code column, select the appropriate withholding tax code that will be applied to the item (if not already selected).

  4. After entering line items, review the information about the Withholding Tax tab under Expenses and Items to make sure the values are correct in the Base Amount and Tax Amount fields.

  5. Enter other details required for this transaction.

  6. Click Save.

Related Topics

General Notices