Withholding Tax (WHT) Overview

Overview

This article provides a process flow and links to understanding the Withholding Tax (WHT), its Setup and Class definition, processing the Withholding Tax in the Procure to Pay and Order to Cash Cycles, accounting, reporting, and the functionality that Rootstock applications provide to facilitate those tasks.

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This information is not to be construed as tax advice nor is it intended to document all the ramifications of accounting or reporting for WHT. Please consult your tax professional to ensure your full compliance with the laws and regulations dealing with WHT accounting / Reporting.

Table of Contents
 

1. Context Article

   • Understanding Withholding Tax (WHT)

2. Setup Articles

   • Withholding Tax (WHT) Setup Requirements

   • Defining Withholding Tax (WHT) Classes

3. Processing Withholding Tax Transactions

   • Processing Withholding Tax (WHT) Transactions in the Procure to Pay Cycle

   • Processing Withholding Tax (WHT) Transactions In The Order To Cash Cycle

   • Receivable Withholding Tax (WHT) Transaction

4. Certificate and Tax Return Objects and Template

   • Generate & Print Withholding Tax (WHT) Certificates

   • Generate & Print Withholding Tax (WHT) Returns