Set up global withholding tax

This article lists the steps for setting up global withholding tax for sales and purchases.

1. Set up withholding tax authorities on the Withholding tax authorities page.

2. Set up withholding settlement periods on the Withholding tax settlement periods page.

3. Set up withholding ledger posting group on the Withholding tax > ledger posting group page.

   Note

   Withholding tax account will be assigned with a main account with Posting type of Withholding tax. Withholding tax offset account will also be assigned with a main account with Posting type "Withholding tax offset". Go to General ledger > Chart of accounts > Accounts > Main accounts, set up the Posting type in the Posting validation sub-form for the main accounts.

4. Set up withholding tax codes on the Withholding tax codes page.

5. Set up withholding tax groups on the Withholding tax groups page.

6. Set up withholding tax revenue types on the Withholding tax revenue types page.

7. Set up withholding tax groups on the Item withholding tax groups page for an item or service.

8. Set up Minimum invoice amount on the General ledger parameters > Withholding tax page.