Entering Nature of Payment Information

To enter Nature of Payment information, use the Nature of Payment NZL (GPNZ_WT_RATE) component.

Page Name

Definition Name

Usage

Nature of Payment NZL Page

GPNZ_WT_RATE

Enter tax withholding rates for different job classifications performed by contractors.

Use the Nature of Payment NZL page (GPNZ_WT_RATE) to enter tax withholding rates for different job classifications performed by contractors.

Navigation:

Set Up HCM > Product Related > Global Payroll & Absence Mgmt > Taxes > Nature of Payment NZL > Nature of Payment NZL

This example illustrates the fields and controls on the Nature of Payment NZL page. You can find definitions for the fields and controls later on this page.

 Nature of Payment NZL page

Field or Control

Description

Normal Tax Rate

Enter the withholding tax percentage for contractor work that qualifies for normal tax rates.

No Declaration Tax Rate

Enter the withholding tax percentage for contractor work that qualifies for the No Declaration tax rate.

Note: The system uses these tax percentages when the payee's tax code is either WT, WT ND, or STC and the Nature of Payment field is populated on the Maintain Tax Data NZL page.