Withholding Tax - Test Report
Shows a test report that has withholding tax amounts that have been withheld from invoice payments to independent contractors or consultants to satisfy withholding tax regulations. You can use this test report to view and verify withholding tax amounts before you run the final Withholding Taxes report.
Options
| Field | Description |
|---|---|
Starting Date |
Enter the start date for the test report. |
Ending Date |
Enter the end date for the test report. |
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 instead of 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