A final note relating to recording the withholding tax as liability: it
will artificially decrease your net worth by the cumulative tax amount.
On Thu, 28 Jan 2021, 12:29 am Nikos Parafestas, wrote:
> Thank you Derek for your answer.
> In my case I am not accountable whether or not my client
So far I get the following lines in the Invoice:
Net Price 300,00€
Tax 72,00€
Total Price 372,00€
Amount Due 372,00€
What I would like it be is:
Net Price 300,00€
Tax 72,00€
Total Price 372,00€
Withholding tax 60,00€
Amount Due 312,00€
Thank you Derek for your answer.
In my case I am not accountable whether or not my client pays the 20%
Withholding Tax but it is obligatory to be written in the invoice as a
seperate line. It would be nice for me to have a report every year for
this amount but it is optional.
On the other hand I
Hi,
On Wed, January 27, 2021 8:49 am, Nikos Parafestas wrote:
> Beacuse of the taxation sytem in my country I need to add withholding
> tax and VAT in seperate fields in the invoice. This applies to every
> tansaction with a net price of 300 euro or more.
The first thing to note is that GnuCash
Beacuse of the taxation sytem in my country I need to add withholding
tax and VAT in seperate fields in the invoice. This applies to every
tansaction with a net price of 300 euro or more.
For example if the Net Price is 1000 euro the invoice should include
the following:
---
1. Net Price = 1000
