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Former Member
Aug 10, 2015 at 03:07 PM

Posting Withholding Tax for Greece

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Dear All,

Can you please help me on this?

I need to setup Extended Withholding Tax posting for Vendors with the date of invoice. Standard Posting Indicator 1 in WHT Code posts vendor invoice as follows with base amount 1.000 and 20% WHT:
- Vendor (A/P) - 800 Credit

- Expense account - 1.000 Debit

- WH Tax account - 200 Credit

...so amount of AP posted on Credit is reduced by amount of WHT.

According to my Greek customer, this is their legal requirmeent to post the invoice like this:

- Vendor (A/P) - 1.000 Credit

- Expense account - 1.000 Debit

- Vendor (A/P) - 200 Debit

- WH Tax account - 200 Credit
...so amount of WHT needs to be posted on Vendor Debit.

How to achieve this kind of posting? Thank you for your Help.

Regards,

Jolanta Sniegucka