Good day,
How do I process rental tax invoices that include Withholding Tax on rent (in my case is 5%).
Assume the following;
Vat exclusive amount: P12, 862.08
Add Vat: P1,800.69
Less WHT on rent @ 5%: P643.10
Total including vat: P14, 019.67
Good day,
How do I process rental tax invoices that include Withholding Tax on rent (in my case is 5%).
Assume the following;
Vat exclusive amount: P12, 862.08
Add Vat: P1,800.69
Less WHT on rent @ 5%: P643.10
Total including vat: P14, 019.67
In Sage 50c, we have the option for accommodation tax, which is almost the same as what you are requesting. Please see the link below that explains how to set it up and use it: How do I set up accommodation tax?
We also have this option for withholding tax, which is linked below: How does the cash-based VAT system work?
Please verify or reply and let us know if the advice/suggestion provided was helpful.
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