Maximum/minimum amount for withholding tax



We can define the minimum and maximum amounts at one of two levels, depending on the setting on the corresponding withholding tax type for base amounts or withholding tax amounts .
  • Define Min/Max Amounts for Withholding Tax Types

  • Define Min/Max Amounts for Withholding Tax Codes

Make the following settings :
  • Withholding tax minimum amount

If the withholding tax amount calculated is lower than the minimum amount you specify here, then the system calculates the withholding tax amount as being zero.
  • Withholding tax maximum amount
If the withholding tax amount calculated is higher than the withholding tax maximum amount you specify here, then the system uses this maximum amount in the withholding tax calculation.
  • Minimum base amount
If the withholding tax base amount is lower than the minimum base amount you specify here, then the system calculates the withholding tax amount as being zero. If the withholding tax base amount exceeds the minimum base amount specified here, the system uses the whole base amount to calculate the withholding tax (compare Withholding tax base exempt amount).

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