Withholding Taxes Report
Shows tax amounts that have been withheld from invoice payments to independent contractors or consultants to satisfy withholding tax regulations.
You can define a specific period of time for the withholding tax report by setting the Reference Month and Reference Year filters.
Options
| Field | Description |
|---|---|
Reference Month |
Enter the month of the withholding tax period in numeric format. |
Reference Year |
Enter the year of the withholding tax period in numeric format. |
Print Details |
Select if you want to show all detailed information about withholding tax transactions. |
Final Printing |
Select if you want to mark this report as the final printed version. If you select this check box, the withholding taxes report will be marked as printed. |
Additional Information
Withholding tax is the tax on non-inventory services, delivered by a vendor, who is not an employee in the company. Vendors who supply services to a company as an independent contractor or consultant must pay income taxes based on specific tax regulations established by the Italian tax authority.
A company that employs independent contractors or consultants is legally responsible for withholding a certain percentage of invoice amounts at the time of payment. This amount is paid to the government as an advance on the income taxes that the vendor will owe at the end of the year. Withholding tax is calculated during invoice payment rather than during invoice posting.
Tip
For more information on how to work with reports, see Viewing Test Reports before Posting, How to: View and Print Reports and How to: Set Filters. For assistance in finding specific pages, see Search.
See Also
Tasks
How to: Set Up Withholding Tax
How to: Print Withholding Tax Reports