{"id":1749,"date":"2024-03-23T16:29:50","date_gmt":"2024-03-23T20:29:50","guid":{"rendered":"https:\/\/units.cals.ncsu.edu\/business-operations\/?p=1749"},"modified":"2024-03-26T12:28:43","modified_gmt":"2024-03-26T16:28:43","slug":"vouchers-for-foreign-national-vendors","status":"publish","type":"post","link":"https:\/\/units.cals.ncsu.edu\/business-operations\/news\/vouchers-for-foreign-national-vendors\/","title":{"rendered":"Vouchers for Foreign National Vendors"},"content":{"rendered":"\n\n\n\n\n

Please be reminded that when using a voucher to pay foreign national vendors, one of the actions below must be taken to comply with Federal Tax Requirements.<\/p>\n\n\n\n

Available Options:<\/p>\n\n\n\n

    \n
  1. Unpost the voucher and reduce the vendor payment by 14%.
    Example: A vendor payment of $1,000.00 would be reduced to a payment of $860.00 to account for the $140.00 in tax withholding. The tax will be journaled to the project after the payment has been made.<\/li>\n\n\n\n
  2. Pay the vendor the full amount on the invoice and the department pays the tax on the vendor’s behalf.
    Example: A vendor is paid the full $1,000.00 listed on their invoice. A JV from Accounting later charges the voucher project and accounts for the 14% ($1,000\/.86 = 162.79).<\/li>\n<\/ol>\n\n\n\n

    Option two is typically done more often. It is a required 14% tax.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    Please be reminded that when using a voucher to pay foreign national vendors, one of the actions below must be taken to comply with Federal Tax Requirements. Available Options: Option…<\/p>\n","protected":false},"author":41,"featured_media":1750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_tec_requires_first_save":true,"ncst_dynamicHeaderBlockName":"ncst\/default-post-header","ncst_dynamicHeaderData":"{\"showAuthor\":false,\"showDate\":false,\"showFeaturedVideo\":false,\"showReadingTime\":false,\"displayCategoryID\":23}","ncst_content_audit_freq":"","ncst_content_audit_date":"","_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[26,31,23],"tags":[],"class_list":["post-1749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounts-payable","category-business-services","category-cbo-news"],"displayCategory":{"term_id":23,"name":"CBO News","slug":"cbo-news","term_group":0,"term_taxonomy_id":23,"taxonomy":"category","description":"","parent":0,"count":283,"filter":"raw"},"acf":[],"_links":{"self":[{"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/posts\/1749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/comments?post=1749"}],"version-history":[{"count":1,"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/posts\/1749\/revisions"}],"predecessor-version":[{"id":1751,"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/posts\/1749\/revisions\/1751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/media\/1750"}],"wp:attachment":[{"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/media?parent=1749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/categories?post=1749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/units.cals.ncsu.edu\/business-operations\/wp-json\/wp\/v2\/tags?post=1749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}