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Fusion: With Holding Tax Certificates

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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 %

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