Foreign Currency Withholding Tax Setup

JobBag can now be configured to deduct foreign country withholding tax (FCWT) amounts on both client and supplier invoices. 

JobBag has already been configured for withholding tax in the following countries Indonesia, Philippines, Thailand and PNG. 

It can also be set up for multiple countries in the one database. You will need to set up each country as a division before you can configure the withholding tax for that country.

Before you start 

Ensure that the relevant Country has been set up in Configuration: Countries.

Set up and enable withholding rates in JobBag

Navigate to File > Configuration > Countries 

Select and highlight the country > tax tab > select Liable for Tax

Add the tax department. Set this up in the address book.

Tick enable WHT: Client invoices/Supplier invoices