Bewerken

Delen via


Set up vendors without ABN for calculating Withholding Tax in the Australian version

Withholding Tax (WHT) is calculated for local vendors who don't have an Australian Business Number (ABN), as required by tax law.

Set up process

  1. Choose the Tell Me feature 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, make sure the ABN field and the Foreign Vend field are 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. Learn more in Withholding Tax.

Find free e-learning modules for Business Central here