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Setting | Description | |
|---|---|---|
Payroll Taxes and Contributions Accounting | This option is enabled if the HR and Payroll module is turned on. If selected, this option turns on the functionality of accounting for payroll taxes and contributions. You can define the types of payroll taxes and contributions, set the rates. | |
WHT Accounting | If selected, this option enables accounting for withholding tax that an entity must withhold and remit to the Tax Authority on behalf of any resident if a payment to this non-resident is made from the source in this country. Applicable to specific types of services. | |
WHT Accounting: Pre-Accrue VAT in Invoices | If the WHT Accounting option is selected, you can specify whether the tax must be calculated in Invoices and Payments or only in Payments. | Other Tax Accounting |