E1:43: Retainage and Washington State Tax Regulations
Last updated on OCTOBER 26, 2017
Applies to:JD Edwards EnterpriseOne Procurement and Subcontract Management - Version 9.0 and later
Information in this document applies to any platform.
When entering an order with retainage, Washington State tax regulations require that a business must compute sales tax before amounts for retainage are deducted. The business must report the full selling price without deduction for retainage under the Retailing B&O tax classification. In E1, the retainage amount in voucher match includes the tax.
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