Enter Tax Withholding Series

Explanation

This activity is used to enter, modify, and view details of the company’s tax withholding series. This is a required task, and should be performed by a system administrator or a person in a similar capacity.

When a company makes a payment to a supplier that includes tax withholding, a Tax Certificate should be printed for the supplier. The tax withholding series will be used to assign a unique series ID and number IDs for the tax withholding certificates.

There are two numbers on each tax certificate. A certificate number that will be printed on the top corner of the certificate (using the number series) and a sequential number that is unique to each tax form and branch, obtained from the number series linked to the payment document series. 

Prerequisites

The supplier must have been set up for tax withholding and the tax certificate form must have been set to, Tax Form 03 or Tax Form 53 for the supplier.  

System Effects

Certificate numbers will be assigned to the withholding certificates according to the defined series.