(THA, SAU, GBR, IRL) Set up a ledger account for withholding tax

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

You can assign a posting type to a main account, and then post withholding tax entries to that account so that they are updated in journal transactions.

  1. Click General ledger > Common > Main accounts.

  2. Select a main account, and on the Action Pane click Edit.

  3. On the Main accounts - chart of accounts: %1 form, select the Setup FastTab.

  4. In the Posting type field, select the type of posting for withholding tax transactions:

    • Withholding tax – Post entries for withheld taxes.

    • Withholding tax offset – Record tax slips for withheld taxes.

  5. Close the forms to save your changes.

See also

Chart of accounts (form)