Scenario:
Client acquired consultancy service from a Singapore company amounting SGD3,000. 10% of the amount, SGD300 is paid to LHDN under Withholding Tax.
Suggested Solution:
1. Record SGD2,700 as imported service in Supplier Invoice. Please follow the steps to record and pay Imported Service in the link below:
https://ask4key.freshdesk.com/solution/articles/5000639625-sage-50-imported-services
2. Record the balance of SGD300 in Purchase or General Journal (depends on your entry. If you want to record against a creditor, you need to record in Purchase Journal),
3. If you record the SGD300 in Purchase Journal (against a creditor), please record the payment at Payment > Creditor/Supplier.
4. If you record the SGD300 in General Journal (against a liability account), please record the payment at Payment > General.