Income Types for WHT Reporting (lpphl0105m000)

Use this session to view and maintain the income types that are used for reporting the withholding tax (WHT). You can also use this session to map the reporting code (ATC) to the incomes and the organization types.

Note: This session can be accessed only if the Functionality for Philippines check box is selected in the Implemented Software Components (tccom0100s000) session.

LN provides the default income types. If the income types defined by the customer match the existing income types, the tax amounts are printed on the appropriate row or section of the withholding tax certificate.

Field Information

Type of Income: The type of income for which the withholding tax must be reported.
Tax Position: The tax position of each box on the tax declaration form.
Government Org: If this check box is selected, the income type is associated with a government organization.
Private Org: If this check box is selected, the income type is associated with a private organization.