Withholding Tax Setups
We are planning to do setups for WITH HOLDING TAX and in one of the step where we need to provide the GL Account.
Our plan is to hold 30% of the Invoice Amount for the Suppliers.
Oracle Payables>>Setup>>Tax>>Codes
Could you please let me know what exactly this is GL Account Account for in this Step??
Apart from above Also would like to know if what option should from both of them or can I select both as below??
Withholding Amount Basis
Include Discount Amount: The invoice discount amount is also included when the WHT amount is
calculated
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