The Withholding Tax Receipts tab is designed to help you keep track of all the withholding tax receipts you receive from customers. This feature is crucial for businesses to ensure they report taxes accurately by maintaining a record of the amounts withheld from payments.
To generate a new withholding tax receipt, click the New Withholding Tax Receipt button.
The Withholding Tax Receipts tab includes several columns:
The receipt date for the withholding tax.
The name of the customer providing the withholding tax receipt.
An explanation of the withholding tax receipt.
The value indicated on the withholding tax receipt.