We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Centralized Withholding Tax Payments

Received Response
13
Views
3
Comments
edited Apr 3, 2019 8:15PM in Tax & Global 3 comments

Summary

I need to set up a BU that pays the tax withheld by other BU’s

Content

Dears

I have 4 BU’s under one Legal Entity, and they share the same Ledger.  All BU’s are responsible for their own invoicing and payments.  We have configured Fusion to make withholding tax invoices automatically.  But one of the four BU’s (let’s say BU1) is responsible for paying the tax withheld to the tax authority, including the taxes that the other BU’s withheld from the suppliers.  Only one payment is made for the entire tax withheld.  So, we understand that the withholding tax invoices that Fusion automatically creates from all Business Units should have the BU1 as the payment business unit. 

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!