Payables and Cash Management - EBS (MOSC)

MOSC Banner

Withholding Tax deduction at Invoice time and Payment time

edited Oct 1, 2010 7:49PM in Payables and Cash Management - EBS (MOSC) 4 commentsAnswered
Issue:
Item = 1000
Sales Tax @ 16% = 1000*16% = 160
Invoice Amount = 1160
Sales Tax Withholding 1% on Item = 1000*1% = 10
Withholding Tax 3.5% on Invoice Amount = 1160*3.5% = 40.6

I need to deduct 1% Sales Tax Withholding at invoice level which is based on Item i.e. Invoice amount without Tax = 1000
&
3.5% WHT on Invoice Amount i.e. Item+Tax = 1000+160 = 1160

How can i handle application of above Withholding Taxes ?

Howdy, Stranger!

Log In

To view full details, sign in to My Oracle Support Community.

Register

Don't have a My Oracle Support Community account? Click here to get started.

Category Leaderboard

Top contributors this month

New to My Oracle Support Community? Visit our Welcome Center

MOSC Help Center