Withholding Tax Payment List Window
Specifies payments of taxes to the tax authority that have been withheld from purchase invoices for independent contractors or consultants. In Italy, businesses must withhold taxes from payments to certain types of vendors. Withholding tax is the tax on non-inventory services, delivered by a vendor, who is not an employee in the company.
For more information about a specific field, select the field, and then press F1.
Additional Information
A company that employs independent contractors or consultants is legally responsible for withholding a percentage of purchase invoice amounts at the time of payment. This amount is paid to the government as an advance on the income taxes that the vendor will owe at the end of the year. Withholding tax is calculated during invoice payment rather than during invoice posting.
Tip
For more information on how to navigate in the user interface, see Work with Microsoft Dynamics NAV. For assistance in finding specific pages, see Search.
See Also
Other Resources
How to: Set Up Withholding Tax
How to: Print Withholding Tax Reports