Skip to Content

Withholding Tax on Payments

by
Odoo

$ 91.11

v 10.0 v 11.0 v 12.0 Third Party 4
Versions 10.0 11.0 12.0
You bought this module and need support? Click here!
Versions 10.0 11.0 12.0

Withholding Tax on Payments

Withholding Taxes can be created and seen from the same menu as of the normal taxes.

Sequence definition

After Module installation, a check box “is withholding” becomes visible on a normal tax form in taxes configuration. If the tax being created is a withholding tax then this “is withholding” box should be checked.

Sequence definition

On payment form, a special field namely “Tax Type” becomes visible in which all withholding taxes’ suggestions can be seen out of which desired tax can be selected.

Sequence definition

Note: On a payment with no withholding tax, a withholding of 0% rate should be created and selected.

After the payment is validated, a journal entry is passed on backend in which Bank/cash is credited net of withholding tax amount.

Sequence definition
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Invoicing (account)
• Purchase (purchase)
• Discuss (mail)
Lines of code 193
Technical Name tax_payment_journal
LicenseAGPL-3
Websitehttps://itechresources.pk

Please log in to comment on this module

  • The author can leave a single reply to each comment.
  • This section is meant to ask simple questions or leave a rating. Every report of a problem experienced while using the module should be addressed to the author directly (refer to the following point).
  • If you want to start a discussion with the author or have a question related to your purchase, please use the support page.
There are no ratings yet!
by
Umair Sarwar
on 6/21/22, 2:37 AM

Can you show the partner ledger. how it would show in partner ledger.