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Former Member
May 17, 2016 at 06:30 AM

Withholding VAT Input tax

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Hi All,

I have a querry.

Our Client has a requirement to withhold a percentage of the input tax from vendor invoices during payment.

Eg the Input Tax is 16% . This amount is booked fully in the invoice.

During payment , the 6% of the input tax is withheld and the vendor is only paid the net invoice amount and 10% of the input tax.

How can we take care of the 6% withholding VAT?

Regards

Joe