Withholding tax on interest income for foreign resident entities
Create a tax code/rate which we can apply to interest income to withhold 10% tax for foreign resident entities and this amount is automatically populated to the Activity Statement at item W3.
2
votes
Allysa Chan
shared this idea
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Walidad Ali
commented
Is this specific to a country? I can use the same feature for US clients. It will be useful to file tax returns directly with the IRS from within Xero.