Foreign country withholding tax

Introduction: Foreign Country Withholding Tax (FCWT) JobBag can now be configured to deduct foreign country withholding tax (FCWT) amounts on both client and supplier invoices.  JobBag has already been configured for withholding tax in the fo...

JobBag can now be configured to deduct foreign country withholding tax (FCWT) amounts on both client and supplier invoices.  JobBag has already been configured for withholding tax in the following countries Indonesia, Philippines, Thailand and...

Create new General Ledger (GL) accounts and map as control accounts Navigate to Ledger > Chart of accounts We recommend that you create two new separate Ledger Control accounts Note: These accounts need to be mapped as control a...

How to set up withholding tax for other countries in a supplier record In some Asian countries businesses are required to withhold taxes (WHT) on supplier invoices and client invoices. This is in addition to the GST (VAT or Sales Tax). If config...

NOTE - This is still in progress and not completed Withholding Tax Asia Process Foreign Supplier Invoice - Supplier Liable for WHT Foreign Supplier Address book Record Create Supplier Invoice GL POsting The foreign cur...

Withholding Tax Asia WHT Reconciliation Tax Reports The WHT is reconciled and either paid or recovered when the company tax is paid. There are reports available for reconciling the balances in the two control accounts: Withholding T...

Withholding Tax Asia Process Supplier Invoices - Supplier Not Liable for WHT Address book Record - Supplier Not Liable for WHT Ensure supplier's VAT/GST status is set up correctly. If a PO is created when the supplier was not regis...

Withholding Tax Asia Process Supplier Invoice - Supplier Liable for WHT Create PO Ensure supplier's VAT/GST status is set up correctly. If a PO is created when the supplier was not registered for GST and you later find out the supp...