| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Inventory (stock)
• Invoicing (account) • Discuss (mail) |
| Community Apps Dependencies | Show |
| Lines of code | 1419 |
| Technical Name |
sales_account_wht |
| License | OPL-1 |
| Website | https://www.hsxtech.net |
| Versions | 17.0 18.0 |
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Inventory (stock)
• Invoicing (account) • Discuss (mail) |
| Community Apps Dependencies | Show |
| Lines of code | 1419 |
| Technical Name |
sales_account_wht |
| License | OPL-1 |
| Website | https://www.hsxtech.net |
| Versions | 17.0 18.0 |
Withholding Tax On Sale Orders
Description
Withholding tax, also known as tax retention, Pay-as-You-Go, or Pay-as-You-Earn, is a system where tax is deducted at the source before the payment is made to the recipient. Instead of the recipient remitting the tax, the payer collects and submits it directly to the government. Applying withholding tax on sales orders can be complex and requires precise calculations. This module streamlines the process, ensuring accurate tax deductions and compliance with regulations, making tax management more efficient and hassle-free.
Features
- → Automated Tax Deduction
- → Configurable Tax Ratio
- → Seamless Integration with Accounting
Screenshots
In the Accounting module, there is a dedicated menu for Withholding Tax, where users can create and manage their taxes./p>
The Tax Scope offers three options: Sales, Purchases, and WHT on Taxes, allowing users to define their WHT accordingly. For tax application: Select At Payment to collect WHT at the time of payment. Select At Invoice to collect WHT when the invoice is issued. Finally, set the tax ratio as needed.
After creating the WHT tax, assign it to the relevant customers to ensure it is automatically applied during transactions.
WHT is displayed line by line separately. Below that, a complete list of all WHT lines is shown in a structured format. At the bottom, the total WHT amount for the invoice is displayed.
Services
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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