How to Manage Withholding Taxes in Odoo 15 | Odoo 15 Accounting | Odoo 15 Enterprise Edition
A withholding tax, also called a retention tax, is a government requirement for the payer of a customer invoice to withhold or deduct tax from the payment, and pay that tax to the government. #odoo15accounting
In most jurisdictions, withholding tax applies to employment income. #odoo15functionalvideos
With normal taxes, the tax is added to the subtotal to give you the total to pay. As opposed to normal taxes, withholding taxes are deducted from the amount to pay, as the tax will be paid by the customer. #odoo15videos
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