A company implements Withholding Tax Setup. A user selects the applicable tax rates, completes
the invoices and validates it. The Withholding tax is applied and a corresponding Withholding tax
invoice created.
What is required to get this result?
A.
Apply Withholding Tax at Invoice Validation and Never Create Withholding Invoice
B.
Apply Withholding Tax at Payment and Create Withholding Invoice at Invoice Validation
C.
Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Payment
D.
Apply Withholding Tax at Invoice Validation and Create Withholding Invoice at Invoice
Validation
E.
Apply Withholding Tax at Payment and Create Withholding Invoice at Payment
Explanation:
Payables can automatically create withholding tax invoices, or you can perform this
task manually. If you choose to automatically create withholding tax invoices, you must choose
whether to do this during Approval or during payment processing.
If you specify that you want to create withholding tax invoices during Approval, Payables creates
unapproved withholding tax invoices for tax authority suppliers assigned to tax names.
Creating Withholding Tax Invoices