In this tab, tax codes could be pre-defined. These
tax codes will be automatically suggested when an invoice line, containing a supplier
income type, is created.
If the supplier is subject to report income and not tax withholding, all tax
codes defined here are required to be 0% Tax Withholding Codes. Tax codes defined here will only be automatically suggested if no
valid tax-exempt exists and the supplier is subject to tax withholding.
In order to
enter default tax withholding codes, at least one supplier income type must have
been defined. One supplier income type must be marked as default.
If the Mandatory option is selected in the Tax
Withholding Code field in theIncome Types window, it is always
required to specify income types for each tax withholding code. By entering the
'%' symbol in the Income Type Identity field, you can specify that all
income types are connected to the tax withholding code. When an income type is
entered for a supplier invoice line, the tax withholding code to which the
income type is connected will be automatically suggested as the tax withholding
code for the invoice.