Set up vendors without IRD numbers for calculating the withholding tax
Withholding Tax (WHT) is calculated for local vendors who don't have a New Zealand Inland Revenue Department number (IRD), as required by tax law.
Setup process
- Choose the
icon, enter Vendors, and then choose the related link. - Choose the required vendor, and then choose the Edit action.
- On the Vendor Card page, on the Registration FastTab, make sure the IRD No. field and the Foreign Vend field must be empty.
- Choose the OK button.
Hinweis
The WHT percentage is automatically withheld in accordance with what was specified on the WHT Posting Setup page. The WHT certificate is produced for submission to the vendor. Learn more in Withholding Tax.