Withholding Tax on Cash Advances or Expense Claims
SummaryWithholding Tax on Cash Advances or Expense Claims
Business would like to hold Withholding Tax on Cash Advances or Expense Claims. How to achieve this requirement?
Company gives Cash advances to Employees & would like to hold 10% WHT Tax on advance
Once employee submit expenses reimbursement and WHT should be adjust in expense report.
How to handle/calculate WHT when the Expenses is more than prepayment amount (which is already paid as advance). Example. Employee Expense Report.
WHT which were calculated will be adjusted/knock off while applying for the standard invoice/Expense report (Example: Prepayment is 100 and applying against 150 (standard invoice). do Oracle fusion has the capability take care of this scenario..