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Vendor account is set on Withholding tax authorities. But when withholding tax payment is generated, no transactions is posted on vendor account.


 


Withholding tax payment should be working as tax payment. Transactions is expected to be posted on vendor account.

Category: Tax
STATUS DETAILS
New

Comments

A

Our two customers have to use Withholding tax and the manual settlement is really not what they are after. This means much more manual unnecessary work for the accountants, especially if there is a similar logic to VAT settlement with tax authorities, which works automatically. Why the discrepancy? The business impact is very big as the withholding tax is used in every days operations, so the process should be as simplified and automated as possible to reduce human errors.

Category: Tax