0 Replies Latest reply: Nov 5, 2012 1:09 AM by 972159 RSS

    Withholding tax  when invoice currency and functional currency differ

      Hi All,
      We have a requirement where Withholding tax has to be calculated based on invoice currency and not on functional currency. When the tax grp is created ( we are using amt ranges) - the currency is being set with functional currency (MXN) as per Set of Books .
      The new Legal entity being added using the currency that of USD but the ORG to which this LE is added uses MXN as the functional currency.
      please let me know whether a witholding tax line be create same as invoice currency when functional currency is different.

      ex: The invoice is created with currency in USD. The invoice goes to Hold with reason - the invoice currency is different with WHT currency.

      Thanks & Regards