Dynamics 365 Business Central: Expense Agent - Calculate withholding tax automatically in expense reports
A new Expense Agent capability will automatically calculate employee withholding taxes in expense reports, supporting single/multiple taxes, compound calculations, threshold-based logic by period/category, and gross/net amount options. This reduces manual tax calculation work during the expense report workflow.
Microsoft's description
Organizations can automatically calculate employee withholding taxes (WHT) as part of the expense report process. When employees submit expenses that are subject to withholding tax requirements, the system applies the appropriate tax calculations directly within the expense report workflow. Key capabilities include: Automatic withholding tax calculation for employee expense transactions that require tax deductions. Calculate single or multiple withholding taxes for each category, based on you setup. Calculations can also be simple or compound. Calculate thresholds based on different periods for records, documents, categories (period accumulation), and total (period accumulation). Base calculations on gross or net amounts.