Tax – enhanced global withholding tax

Important

Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned

Enabled for Public preview General availability
Users by admins, makers, or analysts - Apr 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