View Invoice Function In Purchasing Shows Invoice Value Net Of Withholding Tax
Last updated on MAY 04, 2017
Applies to:Oracle Purchasing - Version 12.2.4 and later
Information in this document applies to any platform.
Using Purchasing, when DRILLING down into an invoice from a po-the invoice screen is showing the net amount of invoice-taking out the wihtholding tax from the total.
1. User creates an invoice for a supplier who is withholding tax enabled (say, WHT is 20%)
2. Invoice is validated and a withholding tax line is automatically created in the invoice (say, Invoice value is $100, so a withholding tax line is created for $20)
3. Buyer checks the invoice amount from Purchasing responsibility using View Invoice action and finds the value appearing as $80 and not $100.
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