Withholding Tax Types
A withholding tax type is required for each type of withholding tax to be calculated. For example, these withholding tax types might be defined:
- Withheld corporation income tax
- Withheld gross revenue tax
- Withheld value added tax.
Note: You do not need to define separate
withholding tax types if different rates apply to groups of accounts or transactions.
The tax rate tables are defined as calculation rules for a withholding tax type.
When you have defined a withholding tax type, you must define the calculation rules to identify which withholding tax percentages to apply.
Withholding Tax Types (WTT)
Select Withholding Tax Types (WTT).