How configure withholding Tax in foreign currency

How configure withholding Tax in foreign currency - Printable Version

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How configure withholding Tax in foreign currency - Ali Rizwan - 02-15-2015

Hello,
I want to create the withholding invoice in the foreign currency, for this purpose, I have set up a supplier site to work with Withholding Tax. But after that when I register a new invoice, the system creates a new line in this invoice crediting the clearing account with the foreign currency. But when it creates new invoice for tax authority, it creates it in the functional currency, not in foreign currency.Thanks.

RE: How configure withholding Tax in foreign currency - ajkhan80 - 02-16-2015

- The currency to be given at two levels, Tax Codes levels and Tax Vendor (Tax Authority level)

- The currency rates must be defined for conversion between functional currency and foreign currency.

- System should calculate the WHT automatically when the relevant invoice is validated, the tax vendor will automatically be selected for WHT invoices.

- These WHT Invoices are only validated and paid, they are not created manually.

RE: How configure withholding Tax in foreign currency - viggora - 10-16-2019

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