Adding and Maintaining the Cumulative Tax Time Frames

A time frame code identifies the period for which the taxable values are accumulated for withholding tax purposes. This is required when the tax is being calculated on the cumulative taxable values for each account.

When you access Withholding Tax, you are prompted to enter a Payment Date. This date is used to determine the withholding tax time frame for the calculations.

The time frame corresponds to the frequency when the withholding tax must be paid and depends on the tax settlement period. For example, the time frame might be a calendar month or fortnight.