How does the software compute for witholding tax in vat items?
Is it calculated on the net amount (before VAT), or on the gross amount (including VAT)?
Because here in the Philippines we get the withholding tax on the net amount before vat.
How does the software compute for witholding tax in vat items?
Is it calculated on the net amount (before VAT), or on the gross amount (including VAT)?
Because here in the Philippines we get the withholding tax on the net amount before vat.
See this guide - https://www2.manager.io/guides/9502
Thank you tony