Calculation of Fringe Benefit Tax in SAP

Dear all,
I want information about the fringe benefit tax (FBT). How can we configure it in SAP. Is there any standards available? any information on FBT is highly appreciable.
Thanks,

Dear Madhusudhan,
Maintain separate GL for FBT related acounts.
Maintain key word in GL Master.
So only those GLs will be selected for FBT calculation.
Thereafter you can execute reports like F.01 based on keywords to identify values in such accounts. Just apply the rates as per FBT rules and make a provision.
Assign points if useful

Similar Messages

  • Relating to fringe benefit taxes

    Hi All
    what is the procedure for calculating the  FBT
    is there any chance to calculate the fringe benefit tax in automatically sap standard
    in which point it exactly applicable.
    my client want please give me the solution

    Hi,
    set up a new tax code and a dedicated GL account for this tax code.
    Then post
    Fringe Benefit (meals, etc.)
    Input Tax
                   against      Bank (or Cash).
    Let's assume your fringe benefit tax code is P10 = 10 per cent and you have tax account = 175000 behind this code, than all the fringe benefit taxes will go to this account. Make the account line item managed and you will have a record of all the transactions where fringe benefits were involved.
    Kind regards,
    Rudolf

  • Confirmation of fringe benefit taxes

    Currently i am working on implementation project
    my client want auto posting of fringe benefit taxes?
    is there any chance to post fbt like input tax and sales tax?
    is it possible to configure the tax keys like that?
    at  the time of the expence account come we enter the tax code in the document it caluculate and post?
    this is my idea.
    how can i solve this problem?

    hi,
    there is NO standard solution from SAP for FBT
    Raghav

  • Fringe Benifit Tax

    Hi,
      can anyone please help me how to configure fringe benefit Tax in SAP?
    It is the tax on benefits provided by the employer to the employee.
    Help me. I will definitely assign points.
    Thanks & regards,
    Krishna

    Hi,
    Fringe Benefits is comes under withholding tax. Hence, most of the employers are not ready to pay fringe benefits, because employer's is liable to pay fringe benefits tax.
    With holding tax is covering Income Tax 1956. For other taxes, Excise, Customs, Sales Tax, Tax on Purchase, service Tax, these all are comes under "Tax on Purchase and Sales".
    Hence, Your question is not clear, may I know for which benefit you are asking this question ??
    Example :-
    Providing Free food to employees - Comes under Fringe Benefits (Employer's liable to pay this tax).
    Providing Free food coupen to Employees - is not comes under fringe benefits hence, this coupen per head have maximum of Rs.1250/- Per month (Pls check the limit whether it might be changed).
    If you have any further clarifications please let me know.
    Regards,
    Sivakumar Sathiyamoorthy

  • Fringe Benifit Taxes - CIN

    Hi Friends,
    This is Ganesh from india, I need a clarification regarding FBT(India)
    How to configure Fringe Benefit Taxes for India in SAP?, What are the steps to follow?,
    Please help me in this regard.
    Ganesh,
    FiCo Consultant.

    Hi,
    You can try using withholding taxes for the same, but care needs to be taken in the customizing and posting.
    Regards,
    Pranav.

  • Fee calculation in combination with tax

    Hello,
    I have a question i hope someone can help me with. I want to run the fee calculation with and without tax.
    Fox example with the following situation
    Condition record A: Tuit fee -> No tax
    Condition record B: Meals -> tax of 6%
    I calculate both condition records in the same fee calculation procedure.
    If i add tax to the contract account but then i cannot controle which condition record gets tax and which one doesn't. So i moved one level down to the contract object. Here i didn't find a field to add tax.
    Does anyone have an idea how to fix this?
    Thanks a lot!
    Lukas Molenaar

    Hi Lukas,
    If an institution has to charge tax for some service then SAP expects that it would also impact areas other than student fees.  Therefore, the actual tax definition is done in global settings.  Certainly, if only some fees, e.g. meals, have taxes then you need to set that up as a contract object type.  The condition records don't come into play at all. 
    It should be possible to deal with your requirement in standard.  I will send you a document which will explain in more detail (and with screenshots). 
    Hopefully, this helps you further.
    Rob (and thanks Marlies!)

  • Calculation procedure TAXINJ and tax key E1 not in table T007A

    Hi guys,
    While creatig a sales order I am getting the following error:
    " Calculation procedure TAXINJ and tax key E1 not in table T007A"
    Kindly suggest corrective measures.
    Bst regards,
    Ashok

    Dear ashok
    please check for the Tax code assignment which is determined in UTXJ condition.
    for the sales order.
    and check that tax code is defined as output TAX in FTXP.
    for country IN and Tax procedure TAXINJ.
    Thanks & regards

  • How to upload Revised Tax into SAP

    hi ,
    In HR Module .. Now tax is revised know... how to upload that Revised tax into SAP .. Please Explain step by step ..
    Regards,
    Kumar

    Hi,
    Please check the code below:
    CALL FUNCTION 'GUI_UPLOAD'
        EXPORTING
          filename                = gv_file
          filetype                = 'ASC'
          has_field_separator     = gc_x
        TABLES
          data_tab                = gt_dummy
        EXCEPTIONS
          file_open_error         = 1
          file_read_error         = 2
          no_batch                = 3
          gui_refuse_filetransfer = 4
          invalid_type            = 5
          no_authority            = 6
          unknown_error           = 7
          bad_data_format         = 8
          header_not_allowed      = 9
          separator_not_allowed   = 10
          header_too_long         = 11
          unknown_dp_error        = 12
          access_denied           = 13
          dp_out_of_memory        = 14
          disk_full               = 15
          dp_timeout              = 16
          OTHERS                  = 17.
      IF sy-subrc NE gc_zero_num.
        MESSAGE e006.
      ENDIF.
    Check if the input file is blank
      IF gt_dummy[] IS INITIAL.
        MESSAGE i007.
        LEAVE LIST-PROCESSING.
      ENDIF.
    Regards
    Kannaiah

  • Calculation of Depreciation for Tax for India

    Hi
    In India, there is a requirement that the Depreciation for Income Tax should be calculated based on the date of Acquisition. If an asset has been acquired before or on completion of 180 days of a Financial Year, than the calculation of Depreciation is allowed for full year. If the asset has been acquired after 180 days , depreciation is allowed only for 180 days. Hence for an asset acquired on 25/09/2009, system should allow calculation of depreciation from 01/04/2009, assuming that the fiscal year starts from 01/04/2009 and ends on 31/03/2009. However, if the asset is acquired on 07/10/2009, the system should allow depreciation from 01/10/2009. Sap has delivered standard depreciation keys for the same in reference chart of depreciation for India 0IN.
    But if the asset has been acquired on 01/10/2009, still the asset has to be depreciated from 01/04/2009, since the asset has been acquired for less than 180 days into the fiscal year. The system is working fine for asset capitalized on 25/09/2009 and 07/10/2009. But we are not able to map the same if asset is capitalized on 01/10/2009 and 02/10/2009. For these two dates, the depreciation should start from 01/04/2009.
    I have checked the period control setting and calender assignments and everything seems to be in place. How can we tackle the issue?
    Regards
    Sanil K Bhandari

    Hi
    The same has been resolved.I Created a new assignment in Period Control IT for my fiscal year variant. For month 10, i added a new line item with no of days as 2 in addition to no of days as 31 for month 10.
    Regards
    Sanil Bhandari

  • Is there any way to calculate tax in sap at document level

    Is there any way to calculate tax at document level & Round the tax amount at document level, i m giving below the details of the scenario
    item A = 110 Rs
    Item B = 150 Rs
    Tax is not calculated on individual rows it is calculated on document total i.e = 260 Rs @ 4 % = 10.4 & then this amount needs to be rounded i.e = 10 Rs is there any procedure to map it in SAP if u want any additional information revert back to me

    Hi
    Tax for Whole Document only is not possible, u have to include a tax per Row.
    U can setup automatic tax by setting the setup here - Admin- setup-financ- tax- taxcode determination..
    Rounding is posibble- for this u have to setup in Admin- setup-financ-currencies - rounding..
    Also Admin - system intialiisation - document setting- rouding by document or by currency.
    Giri

  • AP Tax Calculation issue with SINGLE TAX vs TAX GROUP

    Hi Gurus,
    i need your help on below, please advise!!
    i have to calculate ap VAT tax on AP invoice,
    (Rounding = nearest, precession=2, tax calcualtion= Include tax)
    if i calculate 5% is the tax rate, then the tax amount is 0.47cents,this is in case of single tax calculation.
    here my requirement was i need calculate 2 Taxes(TAX A AND TAX B (Rates are 5 AND 5%)
    EG:
    Invoce Base amount = 10 dollars
    in case of single tax = 5/105 * 10 = 0.4761 cents(this is 48cents in apps with rouning nearest and precession 2)
    tax mode = Include tax
    In case of tax group = Tax A and Tax B = 5 + 5 = 10%, when i calculate this in apps its showing 45cents and 45 cents as tax A and B
    why this tax caluclation is different with single tax and tax group.
    tax code actual amount tax amount remaining amount
    single tax 10 0.4761 10 - 0.48cents = 9.52 cents
    tax group 10 45+45=90 cents 9.10 cents
    Please Help !!!
    Thanks,
    Satish

    Hi Vineeth,
    This is Kathy from BSI Support.  I wanted to make sure that you understood that the TF80 Like Reciprocal flag was made available in TF90 for testing purposes only.  This was meant as a tool for customers to be able to compare their TF90 results to their TF80 output, to insure a successful upgrade.  This funcitonality, however, was never intended to be utilized going forward.  There have been significant changes implemented in BSI TaxFactory 9.0 regarding multi-state withholding (also known as reciprocity).  There is information available on our website that explains these changes.  If you log onto our website, please look under the "Whats New" section for an explanation of reciprocal functionality in BSI TaxFactoryu2122 9.0
    If you have specific scenarios that you need help with, please contact us and we will be happy to assist you.
    Regards,
    BSI Support - Kathy

  • Calculation of with holding tax

    The requirement goes like this.
    We have to first remove the with holding tax data from the vendor master.
    And created 1 KR(amount : 1000) & 1 RE(amount : 2000) document type.Also we posted both the above invoice documents in one Z1 clearing document.
    Then add the with holding tax information in vendor master.
    Then we executed the report RFWT0020 for that vendor and the document number.Its updating WITH_ITEM table with only the KR total(1000) under WT_QSSHH field.Its not considering RE total.
    I debugged the program RFWT0020 and found a function module FI_WT_GET_P_WITH_ITEM which performs the with holding tax calculation.When i checked the function module,its fetching from global memory.
    Is there any user exit or BADI for this.We are using 4.7 version.
    Please suggest how can i update the correct with holding tax amount in WITH_ITEM table.

    Hi,
    i´ve used this badi for MM (incoming invoices):
    MRM_WT_SPLIT_UPDATE
    Best regards.

  • CALCULATION OF OCTROI IN TAX INJ

    Dear Guru,
    In the pricing procedure We are following percentage base for the calculation of octroi.The octroi is calculated on the base value excise dutysales tax
    I give the basic price and the tax code in the PO and the octroi should be directly calculated on the basic price and the taxes.
    1) Our Taxation procedure is TAXINJ
    2) In pricing schema We have given the 361 as ALT CBV to octroi condition (JOCM), to calculate the octroi percentage on Octroi Base value that is basic Price excise dutysales tax.
    3) As per requirement 361, system should fetch the octroi base value from taxation procedure to pricing schema. But system is transfering some other value than the real octroi base value.
    3) Given percentage is calculated over the fetched value. So Octroi amount calculated is wrong.
    Please guide us is there any settings are missed out.
    Thanks & Regards

    Hi Jitendra,
    Thanks for your wonderful co-operation. The issue is almost solved. One lat wuery-
    We are at present using 20 tax conditions in our tax procedure. But in a single PO we are using only 3 or 4 conditions out of them How can I identify in my program that which tax conditions are actually used in the current printable PO????
    I can use table A363 for searching condition records only after identifying the relevent condition type used in a PO otherwise I have to search for all 20 condition types. Please note we are using TAXINN ( condition based) tax procedure.
    I am eagerly awaiting for your suggestion. Thanks again,
    Priti

  • Good Service Tax for SAP HR Malaysia

    Hi,
    Anyone has implemented GST / VAT for SAP HR Malaysia? If yes, appreciate if you can share with us the options and the steps required.
    Thanks.

    Hi,
    Please refer to the following OSS Notes for Details on Service Tax.
    778976, 1045145, 1032265.
    779512 - Master Note for Service Tax
    For other problems, please refer to OSS Notes on Service.sap.com/notes
    Regards
    Mahendra

  • How can we assign tax for SAP B1

    hi
       Ayone give me full detail of taxes

    H i rajan
              you are confusing yourself, well these are the tax codes that are pre difined, and have to be assigned according to the client requirement, it depends on the nature of business the client is into...
             when you say VAT, it is sales tax which is calculated on the whole document amount meaning after calculating CENVAT (BedEcessHcess),
    i hope you are looking for the nature of TAXES ?
                                                   Thanx  RIYAZ

Maybe you are looking for