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Withholding Tax Management in Sales transaction

Samuele Galliani on 8/28/2023 1:21:19 PM

Hello,

it will be useful to manage Withholding tax in Sales Transaction as implemented for purchase.

I see that in Dynamics 365 Finance, this feature already exists.


thanks.

Category: Geographies and Localization
STATUS DETAILS
Under Review
Ideas Administrator

Business Central Team (administrator)

Thank you for your feedback. We need some more details to understand your suggestion better. Can you please help us by answering the following questions?

1. For which localization you asked, as we do not have withholding tax as a global feature? We have it only in Italy and Australia.
2. We are looking to delocalize this feature in our long-term roadmap, but we are talking about purchase transactions.
3. We need to understand exactly scenario where and how would you use it, before we make any final decision.

Sincerely,
Aleksandar Totovic
PM, Microsoft

Comments

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RE: Withholding Tax Management in Sales transaction

Samuele Galliani on 9/7/2023 7:50:37 AM

Hello,

  1. I've asked for the Italian localization;
  2. OK
  3. The sales withholding tax should be calculate or when posting the invoice or similar as now is implemented for purchase transactions when posting the payment in Cash Receipt Journal.

The withholding code is applied for some specific kind of customers, a typical example is when selling to apartment buildings or also some freelance.


thanks,

best regards.


Samuele.

Category: Geographies and Localization