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(THA, SAU, GBR, IRL) Set up a withholding tax settlement period and attach a withholding tax code [AX 2012]

Updated: September 12, 2011

Applies To: Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

When you collect withholding taxes on behalf of the government, you must settle and pay the taxes at regular intervals called settlement periods. You can set up a withholding tax settlement period, and then attach one or more withholding tax codes.

  1. Click General ledger > Setup > Fiscal calendars.

  2. Click New fiscal calendar to open the Enter fiscal calendar details form.

  3. In the Calendar field, enter the identification of the fiscal calendar.

  4. In the Description field, enter a description for the calendar.

  5. In the Start of fiscal year field, select the starting date of the fiscal year.

  6. In the End of fiscal year field, select the ending date of the fiscal year.

  7. In the Fiscal year name field, enter a name for the fiscal year.

  8. In the Length of period field, enter the length of the fiscal calendar period.

  9. In the Unit field, select the unit of the fiscal calendar.

  10. Click Create to create the fiscal calendar.

  11. Close the form.

  1. Click General ledger > Setup > Withholding tax > Withholding tax settlement periods.

  2. Create a withholding tax settlement period.

  3. In the Settlement period field, enter a unique code to identify the withholding tax settlement period.

  4. In the Description field, enter a description of the withholding tax settlement period.

  5. In the Authority field, select the withholding tax authority to which taxes are reported and paid at the end of a withholding tax settlement period.

  6. In the Terms of payment field, select the terms of payment for the withholding tax payments.

  7. In the Period interval field, select the settlement period interval from the following options:

    • Days

    • Months

    • Years

  8. In the Number of units field, enter the number of period units to define the withholding tax settlement period. The length of each period that is created on the Periods tab is the period interval multiplied by the number of units.

    NoteNote

    If you select Months, and then enter 3 in the Number of units field, three-month (quarterly) periods are created on the Periods tab.

  9. In the From date field, select the first day of the first period in the withholding tax settlement period.

    NoteNote

    After you create the first period, click New period to create the other periods. This ensures that all days are accounted for and that each day appears in only one period.

  10. In the To date field, select the last day of the period interval.

  11. Close the form.

  12. Click General ledger > Setup > Withholding tax > Withholding tax codes.

  13. Create a new withholding tax code, and then in the Settlement period field, select the withholding tax settlement period.

  14. Close the form.

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