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Withholding Tax Asia - Process Supplier Invoices not Liable for WHT
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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 registered for GST, and you later find out the supplier is registered for GST, you have to cancel the PO update the supplier record to reflect correct WHT status and create a new PO.
Create PO
Note: WHT is not calculated on the PO |
Create Supplier Invoice
In this example, the details are:
1 supplier cost is IDR 50,000,000.00
2 VAT/GST is IDR 5,000,000.00 (10%)
GL Posting
Note: The amount posted to trade creditors is IDR55,000,000.00. |
Aged Trade Payables
The amount payable is IDR55000000.00
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