Foreign Currency Invoice-Withholding Tax Base Amount

[Former Member]

Dears

When the user is entering a foreign currency supplier invoice, the withholding tax base amount in foreign currency is not picking up. Only the base amount in local currency is displayed.  After this, when the user gives the base amount in Foreign Currency field, no withholding tax is calculated.

Is this the standard behavior ? Why cannot system automatically treat the invoice amount as the base for withholding tax ?

[former_member198650 · Accepted solution]

Hi Nikitha,

Does the invoice amount is greater than the threshold limit of the w.h.code? Please check and let me know.

Regards,

Mukthar

[Former Member · Accepted solution]

No. it is under the limits.

[former_member229024]

Hi,

Pls. check whether the exchange rate type has been assigned to W.tax type for the currencies in question.

Cheers,

[Former Member]

Rate type M is set for withholding tax amount conversion.

[Former Member]

Hi Nikitha,

I tried posting an invoice in currency other then co. code currency, but the WT amount is getting calculated perfectly.

also checked vendor with foreign curr recon account. the WT is working for that also

Can you please share the screen shot of the transaction where after changing currency you are not getting the values picked up for WT

May be i have not understood your questions

Regards

Pragya