The Withholding Tax Receipts tab helps you keep track of all the withholding tax receipts you receive from customers. This feature is crucial for businesses to ensure they report taxes accurately by maintaining a record of the amounts withheld from payments.
To create a new withholding tax receipt, click the New Withholding Tax Receipt button.
The Withholding Tax Receipts tab includes several columns:
The date when the withholding tax receipt was issued by the customer
The customer who issued the withholding tax receipt
Optional description or reference number for the withholding tax receipt
The amount of tax withheld as shown on the receipt