NOVAKWHT: Withholding Tax Addon-Kenya

NOVAWHT: Withholding Tax (WHT) Add-On for Microsoft Dynamics 365 Business Central in Kenya

For businesses in Kenya using Microsoft Dynamics 365 Business Central, the Withholding Tax (WHT) Add-On solution enhances tax compliance automation. This add-on extends Business Central’s core functionality to ensure seamless compliance with Kenya Revenue Authority (KRA) regulations.

Key Features of the Business Central WHT Add-On:

✅ Full Compliance: Ensures adherence to KRA regulations with automatic tax calculations.
✅ Error Reduction: Minimizes manual errors in tax computation and reporting.
✅ Time Efficiency: Automates WHT processing and tax submissions.
✅ Financial Accuracy: Seamlessly integrates with accounting systems for accurate reporting.
✅ Predefined WHT Rates: Supports Kenyan tax laws, covering categories such as professional fees, commissions, dividends, and rent.
✅ Vendor-Specific WHT Codes: Assigns WHT codes to specific vendor transactions.
✅ Thresholds & Exemptions: Configures WHT-exempt transactions or entities.
✅ Invoice-Based Deduction: Applies WHT automatically when creating or posting invoices.
✅ Payment-Based Deduction: Deducts WHT during payment processing.
✅ Multi-Currency Support: Converts foreign currency transactions to Kenyan Shillings (KES) before WHT deduction.

Novasoft is a leading provider of consulting services and apps for Business Central in UAE, Saudi Arabia, Kenya, India & US. Our certified and experienced consultants deliver top-tier business solutions that help shorten project timelines and enhance quality.