Withholding Tax deduction at Invoice time and Payment time
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 ?
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 ?
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