Gross-Up Withholding Tax
Summary:
Gross-Up Withholding Tax
Example:
You receive an invoice from a supplier (e.g., $1,000).
Withholding Tax (WHT) must be applied (say 10%).
But instead of deducting $100 from the supplier’s payment:
You want to pay the full $1,000 to the supplier.
You also want to pay the $100 WHT separately to the tax authority.
Total cash outflow = $1,100, not just $1,000.
This is called Grossing Up Withholding Tax, where your company bears the tax cost on behalf of the supplier.
Is there a possibility to implement this in Oracle Fusion? Is it applicable in this environment?
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