Hello, I know some accountants here are also wondering if somehow we can make a customized withholding tax. like in Philippine Taxation, we have too many types of withholding taxes, identified through ATC Codes like WI010,WC010, WC100,WI100 etc. with different rates. instead of manually inputing % rate , why not give us option to make a customized % rate with caption
Click on the rate drop down and use “exact amount”. Exact amount gives you the freedom to enter the actual amount to be withheld. This means regardless of any rate involved, your figure is always going to be correct.