WHT
- Automatically create WHT bills
- Free for FusionETA Xero subscriber
Use Case:
Handling Withholding Tax for purchase of software & services from foreign entities like Facebook Ads, Google Ads, Zoom, Xero, Bitrix24 and many more.
Use Sierra to automatically create a withholding tax bill when a claim is submitted. Sierra will automatically apply a 10% royalties and create a bill in Xero. Sierra will ease reconciliation, avoid late payment penalty and ease audit and tax processes.
If you have many recurring or one time payment to foreign entities that incurr withholding tax, managing withholding tax payments to LHDN is important to ensure compliance, avoid late penalty and ease of audit & tax process. Example of transaction that incurred withholding tax are subscription to Zoom, Facebook Ads, Google Ads, Xero, Bitrix24, GCP, DigitalOcean and many more.
Our approach is designed to ease reconciliation and to ensure every payment made via e-WHT automatically reconciled to the WHT bill that was automatically created by Sierra.