Hello,

How do we account for VAT withheld at the point of payment. In Nigeria, some industries are compelled by law to withhold their vendor's VAT upon making payment to the particular vendor. Hence, it is the responsibility of the customer to account for the vendor's VAT to the tax authority.

Given this tax scenario, the vendor has no obligation to remit the VAT once his payment has been made. How does the vendor account for this using open items in Sage 50c?

Regards,

Akin