EB Tax and Witholding Tax
Hi,
Please let me know how the tax gets calculated on the following cases.
Standard invoice where I have 10% Sales Tax(EB Tax) and 2% Witholding Tax(AWT).
I have applied the prepayment with same tax rate and AWT rate.
Now i will apply the prepayment on Std invoice.
how the sales tax and AWT amount will be prorated.
Consider the Std invoice Item amount 200 . Therefore Sales Tax will be 20(10%)
So AWT will be 220*2/100=4.4
Now consider I am applying Prepayment for 50
How the AWT and Sales Tax will be prorated on Standard Invoice distribution.
Will the AWT amount be prorated to the Tax distribution already created on Standard Invoice Sales Tax Line.
Please let me know how the tax gets calculated on the following cases.
Standard invoice where I have 10% Sales Tax(EB Tax) and 2% Witholding Tax(AWT).
I have applied the prepayment with same tax rate and AWT rate.
Now i will apply the prepayment on Std invoice.
how the sales tax and AWT amount will be prorated.
Consider the Std invoice Item amount 200 . Therefore Sales Tax will be 20(10%)
So AWT will be 220*2/100=4.4
Now consider I am applying Prepayment for 50
How the AWT and Sales Tax will be prorated on Standard Invoice distribution.
Will the AWT amount be prorated to the Tax distribution already created on Standard Invoice Sales Tax Line.
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