Localized Withholding Tax System
Withholding tax is a local problem that global ERP vendors solve last. Standard Business Central has no statutory WHT engine for South Asia, so most finance teams run it as a spreadsheet beside the ledger, and reconcile the two under deadline, every month.
This is one engine covering India, Sri Lanka, Bangladesh, Pakistan, the Maldives and Thailand. Each country's statutory rules switch on as required, so a group operating across three of them runs one system, not three workarounds.
Deducted at source. Reconciled by default.
Statutory WHT, handled at source.
- Category
- Finance
The gap it closes
What you live with until you fix it.
- WHT calculated in a spreadsheet and journalled in by hand
- Statutory rates maintained by whoever remembers to update them
- Supplier certificates typed up one at a time at quarter end
- A group across three countries running three different workarounds
- The filing built backwards out of the ledger, under deadline
How it works
4 steps. No clipboard in any of them.
- 01
Set the jurisdiction
Turn on the country's statutory rules. Rate tables, thresholds and certificate formats come with it rather than being rebuilt per client.
- 02
Deduct at the payment
WHT is calculated and posted when the payment is made, against the right supplier, the right rate and the right nature of payment.
- 03
Issue the certificate
Supplier certificates generate from the posted deduction, rather than being retyped from it into a separate document at quarter end.
- 04
File from the ledger
The statutory return is built from the posted deductions, so what you file and what you booked are the same numbers by construction.
What’s in it
Features.
- Automatic WHT on payments
- Local statutory rate tables
- Supplier WHT certificates
- Filing-ready reporting
Technical specification
Specs.
- Jurisdictions
- India · Sri Lanka · Bangladesh · Pakistan · Maldives · Thailand
- Deployment
- Cloud or on-premise
- Certificates
- Generated from posted deductions
- Multi-entity
- Different jurisdictions per legal entity
Proof
What it looks like in practice
- Jurisdictions in one engine
- 6
- Deducted on payment, not journalled later
- At source
- Spreadsheets in the WHT process
- 0
“We were running withholding tax for three countries in three spreadsheets. Quarter end took a week. It does not any more.”
Common questions
Localized Withholding Tax System, answered.
Which countries are supported?
India, Sri Lanka, Bangladesh, Pakistan, the Maldives and Thailand today. Each country's statutory features are toggled on as its rules require, and a group can run different jurisdictions per legal entity.
Who maintains the rates when the law changes?
We do. Statutory rate and threshold updates ship with the extension. That is the point of buying it rather than building it yourself.
Can it produce the filing return?
It produces filing-ready reporting built from the posted deductions, so the return reconciles to the ledger by construction rather than by effort.
Start here
See Localized Withholding Tax System on your own data. Not a canned demo.
We will run it against a process you actually have, and tell you plainly whether it earns its licence in your plant. If it does not, that is a useful answer too.