Withholding Tax

  1. Click the Withholding Tax tab in the Chart of Accounts (COA) dialog.
  2. Specify this information:
    Withholding Tax Calculation
    Select Yes if withholding tax is used on this account.
    Withholding Tax A/C Class
    Select whether the withholding tax is to be calculated on the gross, net or tax portion of the transaction.
    Withholding Tax Normal Sign
    Select either credit or debit to determine the type of transactions posted to this account. This enables withholding tax to determine whether the transaction posted to this account is an invoice or a credit note.