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Slide notes: From the Tax Management Menu, we have an option to maintain Withholding Tax Types.

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Slide notes: Withholding Tax does not apply everywhere, but if it applies in our Country, then we will define these Tax Types.

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Slide notes: First of all, we note that there is a Zero Withholding Tax Type in the system, and this type should not and cannot be changed or removed

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Slide notes: Additionally, we may define any number of Withholding Tax types that we need.

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Slide notes: Each Type has a short Code of our own design, and it has a name or description.

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Slide notes: Then it has an exclusive Ledger Account that will be used only for processing of this kind of Tax. The Account may be protected with Ledger Protection functions so that other Journals cannot be posted to it.

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Slide notes: The Notes field is optional.

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Slide notes: And at least one Tax Rate is mandatory.

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Slide notes: The Tax Dates and Rates are similar to the Transactional Tax Types like VAT, and the Help explains it fully. We can add Tax Rate changes at the bottom, while retaining former Rates.

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Slide notes: For these Tax Types, we can also choose a Transaction status of Open or Closed, and they may only be selected for use while in the OPEN state.

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Slide notes: There is an automatic History kept by the system that will reveal all updates to the record.

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Slide notes: After making any changes, we choose SAVE.