| title | description | author | ms.topic | ms.devlang | ms.search.keywords | ms.date | ms.author | ms.service |
|---|---|---|---|---|---|---|---|---|
Calculate and post withholding tax settlements (NZ) |
Learn how to calculate and post the withholding tax (WHT) in the New Zealand version of Business Central. |
brentholtorf |
conceptual |
al |
11/10/2023 |
bholtorf |
dynamics-365-business-central |
You can use the Calc. and Post WHT Settlement page to calculate and post the withholding tax (WHT). You can close WHT entries that are open or not settled and transfer the corresponding amount to the WHT settlement account.
The sum of all withheld amounts is reported as a truncated whole number to the New Zealand tax authorities.
Note
The truncated cents are accounted for in a rounding account.
[!INCLUDE calculate-post-wht-settlements]
Withholding Tax
Set Up Withholding Tax
Set Up Revenue Types for Withholding Tax
View Withholding Tax Entries
[!INCLUDEfooter-include]