Setting Up Withholding Schedules

Access the Enter Withholding Information form.

Withholding Tax

Enter the tax category code that determines the withholding tax amount charged on professional services.

Currency Code

Enter the code that identifies the currency of a transaction.

Taxable Amount

Enter the amount on which taxes are assessed.

Percent Withholding

Enter the rate of withholding tax retained from a payment to a supplier. This number is expressed as a decimal. For example, 20 percent is expressed as .2000.

Deduction Amount

Enter the amount that is deducted before calculating withholding tax on administrative professional services.