Tax – enhanced global withholding tax

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Important

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Users by admins, makers, or analysts Feb 1, 2021 Apr 1, 2021

Business value

Tax withholding is a requirement in a number of countries. We’ve enhanced the process for determining the need for withholding tax, and its calculation, posting, and settlement.

Feature details

The global withholding tax enhancements include the following:

  • Item withholding tax group (WHT on line level) for accounts payable
  • Withholding tax payment
  • Withholding tax in accounts receivable
  • Threshold on invoice amount
  • Withholding tax calculation for miscellaneous charges
  • Invoice amount to be paid in withholding currency
  • Withholding tax payment against vendor account of tax authority

See also

Global withholding tax (docs)

Withholding tax (learn)