International Withholding Tax
MYOB Accountright Sales Invoices When I invoice an overseas customer, for e.g., $100 income knowing they will only remit $90 due to a $10 international withholding tax deduction at their end, how...
Forum Discussion
Hi Kace4321,
Totally get why that negative N‑T line on the GST report looks dodgy at first glance.
But you’ve actually set it up fine:
- $100 income with EXP (export / GST‑free), and
- -$10 to a withholding tax asset account with tax code N‑T.
That -$10 just shows as a negative N‑T line on the GST Detail, and because N‑T is 0% / not reportable, it doesn’t affect your BAS figures at all; the N‑T amount is never added to the BAS.
Regards,
Genreve
Dear Genreve,
Thank you so much for your reply, I really appreciate it.
Kind regards,
Kace.
