Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
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

Fusion: With Holding Tax Certificates

edited Aug 20, 2019 11:16AM in Tax & Global 1 comment

Summary

Fusion: WHT Certificate

Content

Hi Wizards,

In the process to testing the WHT certificate and but I see, the exemption mentioned at certificate is not getting applied. Here are the configuration steps:

1. Enable WHT at supplier site

2. Defined a WHT tax rate with Gross Amount Schedule.  From Amount: 15,000 and To Amount:  Null and Rate 5 %. In one financial year, if the invoice amount is exceeding more than 15,000 then the applicable tax rate is 5 %

3. Defined a certificate at Supplier Site via task Manage Withholding Certificates and specified the exemption percentage as 30 %

4. Now after creating an invoice, system is still applying the tax rate 5 %. It is not considering the exemption %

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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