Setting up payment allocation for BASt

German regulations require the handling of construction withholding tax (Bauabzugsteuer, or BASt) at a fixed rate of 15 percent. Continia Banking provides the predefined BAST payment allocation type with a fixed percentage of 15 percent. The type is imported from the Setup Server, and you can find it on the Payment Allocation Types page.

Before you start, make sure that the recipient bank account is marked as an allocation bank account.

To apply construction withholding tax to a vendor's payments:

1. Search () for and select Vendors.
2. Open the vendor card of the vendor you want to set up the payment allocation for.
3. On the action bar, click Related > Vendor > Payment Allocations.
4. On the Payment Allocations page, fill in the fields. For a description of all fields, see Setting up and managing payment allocations. Pay particular attention to the following fields:
   • Payment Allocation Type Code – select BAST. The default percentage is 15 percent.
   • Recipient – select the recipient bank account.
   • Use VAT Only – select this checkbox if the allocation must be calculated based on the VAT amount only.