withholding tax

[alamaijaz]

Dear all,

We are going to implementing Oracle financial, AP Module, in a financial sector.
as you know WHT is deducted upon services 6% and like that other item are deducted something like that.
The staff is demanding that we only want WHT applicable on that supplier which have greater than 25000/ payment throughout the financial year. The condition is that supplier may have 10,000/= invoice but there should be some information about last unpaid invoices.

Pl. give soluionz of that scenario.

Aijaz

[muzaffarnaim]

Dear Aijaz

There is nothing of the sort as a standard functionaly in oracle but as a work around my suggestion is that you can develop customized report which can be used before any payment to see cumulative total for that particular supplier, but remember if cumulative total is greater than limit then manual tax would be calculated and entered/deducted in the system.

Muzaffar Naim
Oracle Financials Functional Consultant

[quote]Dear all,

We are going to implementing Oracle financial, AP Module, in a financial sector.
as you know WHT is deducted upon services 6% and like that other item are deducted something like that.
The staff is demanding that we only want WHT applicable on that supplier which have greater than 25000/ payment throughout the financial year. The condition is that supplier may have 10,000/= invoice but there should be some information about last unpaid invoices.

Pl. give soluionz of that scenario.

Aijaz

<i><div align="right">Originally posted by alamaijaz