Set up vendors without IRD numbers for calculating the withholding tax

Withholding Tax (WHT) is calculated for local vendors who don't have a New Zealand Inland Revenue Department number (IRD), as required by tax law.

To set up vendors without IRD for calculating the withholding tax

1. Choose the icon, enter Vendors, and then choose the related link.
2. Choose the required vendor, and then choose the Edit action.
3. On the Vendor Card page, on the Registration FastTab, make sure the IRD No. field and the Foreign Vend field must be empty.
4. Choose the OK button.

Note

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.

See also

Withholding Tax
Set Up Withholding Tax

Find free e-learning modules for Business Central here