Withholding Tax (WHT)
Understand when to withhold tax from vendor payments.
In some jurisdictions you must deduct tax at source when paying certain vendors (services, rent, interest, construction), or your customers deduct it from what they pay you. AkountFly asks for the vendor type when you save a bill and offers a WHT dropdown on every bank transaction - in Review Needed and In Books, table and card view - so the final decision is always yours.
Rates come from your country pack: Nigeria 5 %/10 %, UK CIS 20 %/30 %, US backup withholding 24 %, Australia no-ABN 47 %, Ireland PSWT/RCT 20 %/35 %, Canada non-resident 15 %/25 %, India TDS. Your tax setup answers control what is suggested; the dropdown stays available even if you said you are not a WHT agent.
When WHT applies, the payment is split into the net amount to the vendor and the WHT amount to WHT Payable (or WHT Receivable when a customer deducted it), and the Tax Remittance → WHT tab tracks what you owe or can credit.