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 […]
The cash basis taxes are due when the payment has been done and not at the validation of the invoice (as is the case with standard taxes). Reporting your income and expenses to the administration based on the cash basis method is legal in some countries and under some conditions. #odoo #odoo14 #odootaxes #Manage #Cash […]
There are numerous types of taxes, and their application varies greatly, depending mostly on your company’s localization. Tax can be set for a company, product, and account. Most of your country’s taxes are already pre-configured on your database when you install the fiscal localization. To edit or create a new Tax, go to Accounting – […]
