Maintain Withholding Tax

Menu : Tools | Maintain Withholding Tax...

Create Withholding Tax Code

1. Click New.

2. Input the following data:

Field Name	Explanation	Remark
Code	Set a code	WTH-TAX15
Description	Describe the meaning/usage of this code	Withholding Tax 15%
Tax Rate	Withholding Tax Rate	15%
Tax Account (DR)	Set to Withholding Tax Exepense account	At GL\Maintain Account, create the Withholding Tax Expense account under Expenses
Tax Account (CR)	Set to Withholding Tax Payable account	At GL\Maintain Account, create the Withholding Tax Payable account under Current Liabilities

3. Click on Save.

Withholding Document Number Set

[Tools | Maintain Document Number...]

1. Create the following document number set for Withholding Tax.

Descripion	Document Type	Format
WITHHOLDING TAX	Payment Voucher	WTHPV-%.5d

2. Next, Go to Tools | Maintain Payment Method...

3. Edit the WITHHOLDING TAX.

4. Set the PV number Set to WITHHOLDING TAX. Click Save.