Accounting of withholding taxes
Querist : Anonymous
Can you please advise how the WHT paid on royalties and other reimbursables to overseas entities are booked in the hotel’s book?
Specifically, please advise
• the account being used to book these WHT payments and,
• whether these WHT are Deductions in calculating incentive fees.
The WHT deductions has to be booked under liabilities and WHT payment should be booked against liabilities.
Querist : Anonymous
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