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Malaysia withholding tax
Reinhard
Member Posts: 249
Hello,
When company in Malaysia pays us for services (technical installation) there's a 10% withholding tax. That means that they basically just pay us 90% of the invoice... SO what we would like to do is include an extra 10% (or 11%) in the original invoice.
However we don't want to have the salespeople remember to do it. Is there a way we can automate this using sales taxes? Just like a regular tax, but put it in a revenue GL instead.
Any suggestions? Or questions... or experience along the lines of "they have to pay you in full"!
- Reinhard
When company in Malaysia pays us for services (technical installation) there's a 10% withholding tax. That means that they basically just pay us 90% of the invoice... SO what we would like to do is include an extra 10% (or 11%) in the original invoice.
However we don't want to have the salespeople remember to do it. Is there a way we can automate this using sales taxes? Just like a regular tax, but put it in a revenue GL instead.
Any suggestions? Or questions... or experience along the lines of "they have to pay you in full"!
- Reinhard
0