Turn on Global withholding tax for Item Withholding Tax

(1) Share

Report

Posted on by Ett

533

Hi guys,

I would like to calculate withholding tax at the item level by using Item Withholding Tax, it is requested to turn on @Enable global withholding tax at GL Parameter.

I got the popup suggestion, but I am not sure what is it, where I can enable in a new withholding tax settlement period.

Besides, when I turn on the @Enable global withholding tax in the specific legal entity, will this same setup apply on other entities?

Thanks

ETT

I have the same question (0)

All responses (4)

Answers (3)

Verified answer

Hana Xue Microsoft Employee on at

Like (1)

Report

Turn on Global withholding tax for Item Withholding Tax

Hi,
It only serves as a reminder as described, and you can click OK directly if it is enabled during a new withholding tax settlement period.
The global withholding tax feature involves some localization and when you enable it on a specific legal entity it will not apply to other legal entities. Because this feature is not available in some regions.

Global withholding tax - Finance | Dynamics 365 | Microsoft Learn
Best Regards,
Hana

Was this reply helpful? Yes No
Verified answer

Ramit Paul 22,797 Most Valuable Professional on at

Like (0)

Report

Turn on Global withholding tax for Item Withholding Tax

Hello,

You can enable this, however setup wont be shared to all LEs, because this is a entity specific setup.

Was this reply helpful? Yes No
Verified answer

Prem Kumar Bachu 3,418 on at

Like (1)

Report

Turn on Global withholding tax for Item Withholding Tax

Hi,

Enabling global withholding tax in a new settlement period ensures that the system applies the withholding tax rules and calculations correctly to transactions occurring within that period. By enabling it at the start of a new period, you establish a clean slate for the system to accurately track and manage withholding tax obligations for the period's transactions.

If you have monthly settlement periods, system is suggesting you to enable on 1st of the month.

Was this reply helpful? Yes No
Hana Xue Microsoft Employee on at

Like (0)

Report

Turn on Global withholding tax for Item Withholding Tax

Hi,

If the following answer is helpful, please mark it as verified.

Best Regards,

Hana

Was this reply helpful? Yes No