TAX code custmisaion for Overseas Company with local Tax code

Hi Gurus...
I am facing following scenario:
**My company is set ups as overseas company / company code curr / local Curr = overseas Curr, My group currency is local currency / home country curr.
**I like to raise PO for a vendor who is local and supplying goods locally, invoicing in local currency for Overseas company. Goods will be used locally.
I like to know how should I configure this from TAX perspective.
Thanks
Hiren
Edited by: Hiren Mazumdar on Mar 6, 2009 4:04 AM

Hi
<u>SPRO Path - hope this will help you in customizing </u>
1.
SRM Server -> Cross-Appl Basic settings -> Tax Calculation ->Determine Tax Code for Country/Product Category.
2.
SRM Server -> Cross-Appl Basic settings -> Transaction Tax engine -> Define Tax Settings .
<b>Please go through the links below -></b>
Re: Tax Calculation
Re: Tax code T1 does not exist for jurisdiction code error in shopping basket
BBP_DET_TAXCODE_BADI is not setting the Tax Code ! :-(
Tax code is not changing in back-end
Tax code
Tax code T1 does not exist for jurisdiction code error in shopping basket
Change tax code in SC
Regards
- Atul

Similar Messages

With holding tax base amount for 1099 vendors with discounted payment term

Hi Friends,
We have a below situation for 1099 vendors,
Some of the 1099 vendors are set-up in the system with payment term with discounts i.e. 2% if paid within 10 days
As per config, system posts with holding tax base amount at the time of posting payment.
With holding tax rate is 0%,
Based on modified net amount calculation
and
Cash discount calculation before w/tax calculation
When we have vendor with input tax, system excludes tax amount at the time of payment but for the with holding tax base calculation amount system does not exclude input tax type.
Which causes difference in 1099 misc vendors
Below is the example of how system calculates the amount.
Invoice $ 1000, payment term 2% if paid within 10 days. Input tax 7.25%
Payment going out=
$1000- $ 72.5(tax 7.25%) = $ 927.5 18.55 [2% discount] = $ 908.95 (payment amount)
With holding base calculation =
$ 1000 100 (2% discount) = $ 900
Difference between payment going out and with holding tax base = 908.98 900 = 8.98
Can some one please tell me how to get rid off this difference?
Moreover, please tell me if its normal to have 1099 vendors with discounted payment term.
Any thoughts on above situation will be helpful
Edited by: Shefford William on Jan 28, 2008 11:36 PM

Dear All
i am also having the same problem. The example is
Net invoice Value   = $ 100,000
Input Tax @ 15%   = $ 15,000
Total Invoice Value = $ 115,000
Cash Discount = 20% with in 20 days
On payment the system behavior should be
Debit Vendor invoice Value   = $ 115,000
Debit Cash Discount @ 20%    = $   20,000   ( 20% of the Net Invoice Value that is 20% of $ 100,000)
Credit W/H Tax deduction @ 3.5% = $ 3,325 ( 3.5% of 95,000 the Inv Value - Cash Discount that is $ 115,000 - $20,000)
Credit Bank Account = $ 91,675 ( Inv value - Cash Dic - W/H tax that is $ 115,000 - 20,000 - 3325 = 91,675)
However at the time of payment system is calculating tax as follows
Debit Vendor invoice Value   = $ 115,000
Debit Cash Discount @ 20%    = $   20,000   ( 20% of the Net Invoice Value that is 20% of $ 100,000)
Credit W/H Tax deduction @ 3.5% = $ 3,220 ( 3.5% of 92,000 the Inv Value - Cash Discount that is $ 115,000 - $23,000. This $ 23,000 is only calculated for W/H tax calculation that is 20% of $ 115,000 )
Credit Bank Account = $ 91,780 ( Inv value - Cash Dis - W/H tax that is $ 115,000 - 20,000 - 3220 = 91,780)
this is not the common practice when using the net base value in the system.
Can any one help me in this regard. I really have been stucked in this problem for many days
Regards
Bilal Athar

Tutorial & Code Sample for Developping Composites with CAF

Do you have tutorials & Code samples for developping composites with CAF like Webdypro for Java as on this SDN site:
https://www.sdn.sap.com/irj/sdn/developerareas/webdynpro?rid=/library/uuid/49f2ea90-0201-0010-ce8e-de18b94aee2d
Thanls, regards, peter

Take a look at https://www.sdn.sap.com/irj/sdn/developerareas/xapps?rid=/webcontent/uuid/7b9b3834-0801-0010-6a9a-dc53e0db37f2">the [original link is broken] [original link is broken].
cheers,
Marilyn

Which PAYG is best for overseas calls, with a monthly contract? Thanks

I will be living in the UK for a few months, which PAYG is best for overseas calls with a monthly contract (extended month by month)? Thanks

Hi , Welcome to the EE Community! I'm not entirely sure if there's a 'perfect package' for this, but I found some information you may find helpful. Good luck,
Titanium
Was my post helpful? Please take 2 seconds to hit the 'Kudos' button below

Can you have 1 Apple ID for a company with several iphones?

Can you have 1 Apple ID for a company with several iphones?

How to use multiple iPods, iPads, or iPhones with one computer
http://support.apple.com/kb/HT1495
How To Best Use and Share Apple IDs across iPhones, iPads and iPods
http://www.nerdsonsite.com/blog/2012/06/07/help-im-appleid-confused/
 Cheers, Tom

Do I need to Create Primary Key Class for Entity beans with Local interface

Do I need to Create Primary Key Class for Entity beans with Local interface?
I have created my entity bean with the wizard in Sun One Studio and it does not create a primary key class for you.
I thought that the primary key class was required. My key is made up of only one field.
Anyone know the answer.
Jim

u dont need to create a primary key class for a entity bean.if ur table's primary key feild(int ,float) is a built in or primitive data type,then u dont need one.But if ur table has a primary key field which is non primitive (for example StudentID,ItemID etc)then u have to create a primary key class.
hope this helps :-)

Find Tax Return Locations for all Accounting needs, File Tax return......

Hi dear friends
Find Tax Return Locations for all Accounting needs, File Tax return, Business Accounting, Payroll, Income Tax, Property Tax, State Tax.
Find a qualified local Tax Professional, CPA, Accounting Firm, Accountant, Financial Planning from most widely used Directory.
Our services are -- irs tax help, accounting, taxes, irs, tax debt help, payroll, income tax, property tax, tax attorney, tax, cpa, accountants, tax help, tax return, business tax return, free tax help, estate tax,
More information visit below here --
[FINDTAXRETURN|http://www.findtaxreturn.com/]
Cheers
Admin

I have already received the TT application for 2012 filing.
Have you checked at their website?
http://www.turbotax.com/lp/ty11/ppc/hp.jsp?cid=ppc_gg_b_stan_dk_us_hv-trbtx-mn&a did=18494275668&skw=TurboTax&kw=turbotax&ven=gg&

Find Tax Return Locations for all Accounting needs, File Tax return, Busine

Hi dear friends
Find Tax Return Locations for all Accounting needs, File Tax return, Business Accounting, Payroll, Income Tax, Property Tax, State Tax.
Find a qualified local Tax Professional, CPA, Accounting Firm, Accountant, Financial Planning from most widely used Directory.
Our services are -- irs tax help, accounting, taxes, irs, tax debt help, payroll, income tax, property tax, tax attorney, tax, cpa, accountants, tax help, tax return, business tax return, free tax help, estate tax,
More information visit below here --
[FINDTAXRETURN|http://www.findtaxreturn.com/]
Cheers:)
Admin:)

I have already received the TT application for 2012 filing.
Have you checked at their website?
http://www.turbotax.com/lp/ty11/ppc/hp.jsp?cid=ppc_gg_b_stan_dk_us_hv-trbtx-mn&a did=18494275668&skw=TurboTax&kw=turbotax&ven=gg&

Another tax determination code being picked up along with right tax determination code during creation of BBP

Hi Experts,
There is an issue I am facing while creating BBP, the slices in table DFKKMOP are having another tax determination code being picked up along with the right tax detemination code.
E.g. -> In EK02 for the BBP I have configured tax determination code ZA for main 0051 and sub 0050 for all the company codes, but it is also picking ZX which I have configured for main 100 - sub 202,203 , main - 200 sub 202,203 , main 300- sub 202,203.
Strangely In the table DFKKMOP the tax determination code ZX is coming in the line which has main 0051 and sub 0050.
I dont understand why ZX is being shown in the field BB grouping - Budget Billing: Grouping Key for Tax Determination Code.
I have double checked the customizing in EK02 and I dont find this tax determination code being defined for main 0051/sub 0050, then why is it being picked up for BBP line item in table DFKKMOP.
Any suggestions are appreciated.

Well the issue was during creation of BBP items in DFKKMOP the VAT corresponding to Main/Sub 100/ 3xx was being picked up and when I adapted the tax determination code there. The items was created without any split.
For the second one PA issue, well in this case the tax determination in the standard during the creation of PA invoice via EA27 is happening on the date of execution and not on the selection date or posting date. This is because in SPRO the config. of invoicing <<Define Basic Settings for Invoicing>>
has <<Date type for tax determination in Invoicing for Part. Bills.>> set to <<tax determination in invoicing based on entry date>> that is why it takes the execution date into consideration.So even when we do a posting for SOLLDAT in future to take another tax code it doesnt take that SOLLDAT instead takes todays execution date for which the new tax code is not valid.
To overcome this issue either we need to make the new tax code valid from date in past ie. before the date of execution or we need to change this parameter in customizing <<Define Basic Settings for Invoicing>> to <<tax determination in invoicing based on Posting date>>.
Voilà!

SSO for application systems with local users?

Hi all, I'm new to Oracle Identity Management. My company is going to implement SSO for inhouse applications. However, some applications have their own local users (e.g. admin, guest, etc.) who have to login to the application system through the same interface. We put all organization users in an Oracle enterprise Directory server, which is the authentication backend of the Access Manager. After implementing webgate, such local users can't get authenticated. I'd like to know if it's possible to configure particular users/applications to bypass SSO and use local authentication? Thanks.
Rgds
/ST wong

Possible solution is to create a new entry point for local users. Create two proxies one for actual user entry and another for local user. You can restrict n/w access to proxy with local login so that only few hosts based on your requirement who needs to access system with local accounts. This way you will have two web sites for single application.

Invalid Account Code when Adding Outgoing payments with WTholding Tax

Hello Experts
I am facing problem when trying to add an outgoing payment (DI) with WTHolding Tax and below is the error message;
Invalid Account CodeMessage 173-9
I have checked the WThodling Tax Account in WThodling Tax Setup.
I am Using SAP 8.8 PL 19
Please Help Me
Dixit Patel
Edited by: Dixit Patel on Mar 25, 2011 1:37 PM

Hi
Please Check all G/L Account Determination TAB. Check all accounts are determined.
Check this Thread It may help you.
[Invalid Account Code error when posting AP Credit Note]
Thanks
Balaji Sampath

Raise PO for another company with in the client.

Hi,
Can anybody explain the concept how we will raise the PO for a company when the scenario is like this..
client is same.
company codes - 1001 and 2001
Chart of accounts - same CoA.
differen locations.
i want raise the PO for 2001 company from 1001 company.
thanks in advance for replies.

Hi,
What is your requirement, do you want to create same Line Item from One Purchase Order A for CC 1001 to Another Purchase Order B for CC 2001?
If this is the requirement, simply under document overview you can select the Purchase Order, then copy the required line item from that Purchase Order. and then you would need to change the Org Data for Purchase Order under Header details. Also you would need to check for Vendor Master (might might not exist for diff companies). Also there could be a recheck you might need to do for accounting iinfo you are entereing for PO Line item.

STO for Inter company with billing and delivery

Hi,
We have one compnay code e.g CXYZ with plant PXYZ now recently we have create new compnay code CABC with plant PABC assign to this new compnay code now as per our requirement we want to set up procedure for STO so both compnay code are supplying as well as are receiving plant in first case
PXYZ is supplying plant of comp CXYZ and
PABC is receing plant of comp CABC
now I have create a vendor in recieving and have assign the palnt PXYZ to that now I want to confrim in which compnay code the customer code to be create and in customizing Define Shipping Data for Plants for my receving plant PXYZ which customer code to be enter and also sales organization details to be enter of which company code CXYZ or PABC.
regards,
zafar

Hi,
PXYZ is supplying plant of comp CXYZ
point
1 assigen sales area of CXYZ to PXYZ
2) Material Mater with sales view
PABC is receing plant of comp CABC
1) create customer xdo1 with company code CABC and sales area of of CXYZ( which assigen to pant PXYZ)
2) assigen this customer number to to plant PABC
3) create vendor master in comapny CABC and assgine dupplying plant PXYZ in that vendor master record
document type nb
delivery type -nlcc
Regards
kailas

Win2008 R2 Backup Failure: Volume Shadow copy operation failed for backup volumes with following error code "2155348254"

Failed to get exclusive lock on the Extensible Firmware Interface (EFI) system partition.
[ Name] Microsoft-Windows-Backup
   [ Guid] {1DB28F2E-8F80-4027-8C5A-A11F7F10F62D}
   EventID 517
   Version 0
   Level 2
   Task 0
   Opcode 0
   Keywords 0x8000000000000000
- TimeCreated
   [ SystemTime] 2012-09-13T02:01:26.193377500Z
   EventRecordID 134130
   Correlation
- Execution
   [ ProcessID] 13508
   [ ThreadID] 552
   Channel Application
   Computer SERVER.srv.local
- Security
   [ UserID] S-1-5-17
- EventData
BackupTime 2012-09-13T02:00:15.711673900Z
ErrorCode 2155348254
ErrorMessage %%2155348254

Shaon,
I am receiving an identical error message as the original poster.
Let me give you some information on my setup and what I have already tried.
I am running a Windows Server 2008 R2 domain controller with SP1 installed. The system also runs MS SQL 2008 and IIS. All critical and recommended updates are installed.
The server backs up to a set of one of two external hard drives over USB 2.0 every night using Windows Backup. The external hard drives are encrypted using BitLocker and rotated offsite every week. We had no problems until 27 November 2013. On
that date I installed the November Windows updates and rebooted. Backups have not worked correctly since that time.
The server has two hard drives. The first one contains an 100 MB EFI partition (created for the IBM System x3200 M3 server EFI hardware although it appears to be entirely empty). The second partition contains the OS and the SQL databases. The
second hard drive contains shared data files. None of the partitions are close to being full.
The backup fails with the following error in the Windows Backup interface:
EFI System Partition: Windows Server Backup failed to get an exclusive lock on the EFI system partition. Detailed error: Access is denied.
The event viewer contains the error listed by the original poster (in the detailed view). The general view has this description:
The backup operation that started at <time> has failed with the following error code '2155348254' (Windows Backup failed to get an exclusive lock on the EFI system partition (ESP). This may happen if another application is using files on the
ESP. Please retry the operation.). Please review the event details for a solution, and then rerun the backup operation once the issue is resolved.
This error is thrown about 1 minute after the backup begins. After encountering the error with the EFI partition the backup exits and does not attempt to backup the other partitions.
The most interesting detail about the problem is that if I reboot the server and immediately perform a backup it completes successfully. If I reboot the server and wait approximately an hour before starting the backup it will fail. The backups
will continue to fail until the server is rebooted, at which point I if a backup is started immediately it will succeed but all future backups will fail. Therefore, it seems that Windows Backup has access to the EFI partition immediately after a reboot
but loses access for some reason close to the hour mark (this is an estimate based on a little experimentation but not an exact number).
Reading the little bit of information available online for this error message I have tried disabling our antivirus (Kaspersky) with no effect. I have also replaced the first hard drive in the server that contains the EFI partition with not effect (the
old hard drive imaged to the new hard drive with no errors, but backups still fail with the new hard drive). Backups fail with either external hard drive connected, so it is unlikely that the external hard drive is the problem. I have erased all
the Windows Backup settings including wiping all data on the external backup drive and created a new backup with no effect. I attempted to not backing up the EFI partition but it is required for the system state. I have reviewed all the Windows
updates installed in 27 November 2013 but none of the KB articles reference anything that I could possibly see related to the backup except for possibly the installation of .NET 4.5.1. However, I do not believe that Windows Backup uses .NET. 'Vssadmin
list writers' does not list any obvious errors.
At this point I am stymied except to think that I have some esoteric hardware failure. I have contacted IBM support who ran an extensive hardware diagnostic which showed no hardware issues.
I run several other similar Windows Server 2008 R2 systems, but none of them are on this model of hardware and none of them have an EFI partition. They all installed the same November Windows Updates. All of them are able to backup to external
hard drives without issue.
Any support you can provide would be greatly appreciated.

Will Verizon Be Unlocking the iPhone 5 for International Use with local carriers abroad like they do with the 4S?

Here is my situation. I am leaving the country on business in a month. Since it is pretty doubtful that an unlocked iPhone 5 will be available for pre-order tomorrow, I'll be buying one at full price under my verizon account (not due for an upgrade yet). Verizon currently SIM Unlocks the iPhone 4S if you meet certain requirements (account in good standing, active 60 days, phone activated on account, etc.) so you can use your iPhone abroad with a local carrier there for cheaper rates. Does anyone think Verizon will do this same procedure for the new iPhone 5? I understand that my new iPhone may not have 4G LTE capability abroad due to hardware limitations on different carrier models, however all new iPhone 5 models have quad band GSM/EDGE and 3G. Would I be able to use this feature if Verizon unlocked my iPhone? It should be noted I am not trying to unlock to use my phone on Tmobile or another US carrier, as with the 4S carriers put a block on this even for unlocked Verizon models. I am looking at this from the standpoint of a traveling business user (and I think there are a lot out there wondering the same thing). Nonetheless I will be preordering the iPhone 5 from Verizon and on release day I will call them and ask if they will unlock it. If they don't I will return it. I'll update my findings here for anyone else curious about this as well.

Egilbbys21... I am curious how things worked out with getting a nano SIM and your iPhone 5. Our family will be visiting Manila this summer, and I would like to hear a first-hand account about your phone experiences. Do you purchase minutes for call/texting? What about data? Any feedback you can give from your trip regarding your iPhone usage would be helpful. Thanks!

TAX code custmisaion for Overseas Company with local Tax code

Similar Messages

Maybe you are looking for