Set Up Vendors Without ABN for Calculating the Withholding Tax in the Australian Version
Withholding Tax (WHT) is calculated for local vendors who do not have an Australian Business Number (ABN), as required by tax law.
To set up vendors without ABN for calculating the withholding tax
Choose the icon, enter Vendors, and then choose the related link.
Choose the required vendor, and then choose the Edit action.
On the Vendor Card page, make sure the ABN field and the Foreign Vend field are empty.
Choose the OK button.
The WHT percentage is automatically withheld in accordance with what was specified on the WHT Posting Setup page. The WHT certificate is produced for submission to the vendor. For more information, see Withholding Tax.
Set Up Withholding Tax
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