$ 85.06
Availability |
Odoo Online
Odoo.sh
On Premise
|
Odoo Apps Dependencies |
•
Invoicing (account)
• Purchase Management (purchase) • Sales (sale) • Discuss (mail) • Inventory Management (stock) |
Technical Name |
tax_payment_journal |
License | AGPL-3 |
Website | https://itechresources.pk |
Versions | 12.0 10.0 11.0 |
Availability |
Odoo Online
Odoo.sh
On Premise
|
Odoo Apps Dependencies |
•
Invoicing (account)
• Purchase Management (purchase) • Sales (sale) • Discuss (mail) • Inventory Management (stock) |
Technical Name |
tax_payment_journal |
License | AGPL-3 |
Website | https://itechresources.pk |
Versions | 12.0 10.0 11.0 |
Withholding Tax on Payments
Withholding Taxes can be created and seen from the same menu as of the normal taxes.
After Module installation, a check box âis withholdingâ becomes visible on a normal tax form in taxes configuration. If the tax being created is a withholding tax then this âis withholdingâ box should be checked.
On payment form, a special field namely âTax Typeâ becomes visible in which all withholding taxesâ suggestions can be seen out of which desired tax can be selected.
Note: On a payment with no withholding tax, a withholding of 0% rate should be created and selected.
After the payment is validated, a journal entry is passed on backend in which Bank/cash is credited net of withholding tax amount.
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