Deferred tax liability

HI
Guru's
Kindly suggest me the configuaration steps for deferred tax liability
with regards
Arun Kumar

Arun,
There are no configuration steps for deferred tax accounting.
Typically companies will have the following solution
a. Create a parallel ledger which uses tax depreciation rates and accounts as per tax laws. This will enable you to find out the tax profits and therefore the tax amount.
b. The leading ledger contains the profits as per books of account.
c. Compute deferred tax liability/asset based on these 2 and account for the same in your leading ledger.
Rgds
Shivram.

Similar Messages

Deferred Tax Liability-Track

Hi
Present i am using GTA and i posted documents, after this i want to track vendor payment. After paying full amt to vendor only we can take particular service tax credit.
What is procedure for sub sequent process in case of GTA.
Kindly help me

SAP provides T-code S_AC0_52000644, to perform the transfer of service tax from posted to realised (after vendor payment). It notes when vendor invoice has been paid & only then will transfer the tax. But watch out its get confused when payment is reversed & cleared subsequently by another document. I think this is because table WITH_ITEM does not get updated in case of payment reversal.
The service tax register provided by SAP in relation to Service tax & the above t-code is not great & we created a custom version for ourselves.
I don't know what you mean by GTA.
Regards,
Steve

Deferred TAXES   - (NO VAT, I repeat : no deferred VAT)

Dear colleagues,
I found on SAP lib and in the notes and on this forum pages of information about deferred TAX, but
why is everybody talking about TAX and in fact you mean VAT ?
Itu2019s like a LION and a cat, not every cat is a lion.
There are VAT, local taxes, income taxes, community taxes, deferred taxes,u2026
In some countries, VAT is deductible / payable only after receipt / payment, so
deferred VAT has nothing to do with deferred taxes !
Deferred tax is the tax return on the difference between valuation to local legislation and reporting (IFRS) legislation. This will be always a (temporary) timing difference!
One step further, we talk about deferred tax assets and deferred tax liabilities., depending the difference is an asset or liability.
Where accelerated tax relief is obtained for expenditure relative to the timing of an expense recognized in a company's profit and loss account, a deferred tax charge should be recognized in the profit and loss account for the movement in the company's deferred tax liability, which will increase the company's total tax charge.
Now, I am doing a profound study on the New G/L .
And one of the items is the parallel accounting principle. It becomes very easy to have a depreciation of 38.600,- on the same account in one (leading) ledger and 80.000,- in the other (non leading) ledger :
for ex : an investment
fix asset     200000      (3,5% discount = 7000)
Depreciation 5 years IFRS and 5 years accelerated Local GAAP
Income Tax 41%
                IFRS             Local            Diff         Def Tax
Investm     193000          200000           -7000      -2870
Deprec 1      38600          80000          41400     16974
Deprec 2      38600          48000            9400         3854
Deprec 3      38600          40000            1400           574
Deprec 4      38600          32000           -6600      -2706
Deprec 5      38600                  0             -38600     -15826
                     0                 0                  0            0
Deferred tax is Difference * (local) income tax
How will this be registered ? (automatically - after a reconciliation program ?)
Where will it be registered ? (leading u2013 non leading ledger)
Has the leading ledger to be the local GAAP or the reporting (IFRS / US) GAAP ?
Absolutely no one mention one word about deferred tax, not in the book (New GL in SAP ERP FI), not on the SAP help site and neither on this forum ?
I can not imagine all accountants have to book every def tax manually ?
I can not imagine SAP has never issued a note about def tax ?
Am I looking in the right place ?
Has no consultant ever had a similar question about def tax ?
Kind Regards,

The example has lost his layout.
I will try again.
It explains more than 1000 words.
...................IFRS..........Local...........Diff..............Def Tax
Investm....193000.......200000.........-7000..............-2870
Deprec 1...38600.........80000........41400..............16974
Deprec 2...38600.........48000..........9400................3854
Deprec 3...38600.........40000..........1400..................574
Deprec 4...38600.........32000.........-6600...............-2706
Deprec 5...38600................0.......-38600..............-15826
........................0................0...............0......................0
(what a simple dot can do)
Edited by: Freddy Houben on Nov 7, 2008 12:41 PM

Deferred Tax Asset/Liability

Hi,
Can we configure Deferred tax Assets and liabilities GL in SAP so that the impact on temporary difference will be automatic in the GL and at year end it will calculate the deferred tax Asset or Liability?

The example has lost his layout.
I will try again.
It explains more than 1000 words.
...................IFRS..........Local...........Diff..............Def Tax
Investm....193000.......200000.........-7000..............-2870
Deprec 1...38600.........80000........41400..............16974
Deprec 2...38600.........48000..........9400................3854
Deprec 3...38600.........40000..........1400..................574
Deprec 4...38600.........32000.........-6600...............-2706
Deprec 5...38600................0.......-38600..............-15826
........................0................0...............0......................0
(what a simple dot can do)
Edited by: Freddy Houben on Nov 7, 2008 12:41 PM

Error while running the program of deferred Tax ( New)Program Name RFUMSV50

Hi
I am getting the error while running the program of deferred Tax ( New)
Following is the detailed error :
Enter rate / INR rate type M for 00.00.0000 in the system settings
Message no. SG105
Diagnosis
For the conversion of an amount into another currency, an entry is missing in the currency conversion table.
Procedure
Add the missing entry in the currency conversion table.
Execute function
You can then continue to process the commercial transaction.
Thanks & Regards,
PM

Check the following notes:-
1) Note 46582 - 2.2->3.0: error SG105 for exchange rate M w. inv.
2) Note 165645 - SG105:Enter rate & / & rate type & for 00.00.0000..
3) Note 483542 - F110: SG105 in maintenance of proposal run with wthhldng tax
4) Note 975657 - SG 105: FI-Enjoy with foreign currency and calculate tax
thanks
G. Lakshmipathi

G/L account item without tax code in document with deferred taxes

Hi ,
While releasing the billing document to accounting i get this error " G/L account item without tax code in document with deferred taxes". Not able to release it to accounts. What could be the possible reason??
Actually, this error is occuring only when i am using a Discount Condition (Z Condition).
Please guide what could be the problem in the Discount Condition?
Thanks and Best Regards

whats this Z condition type. Is it a tax condition type. If yes , please check the tax code assigned to this in the condition type defintion (VK12) and in FTXP check if this code is assigned with Account key.
Also in the pricing procedure, if this condition is Active (not statistical) whats the account key assigned to it. Then check whats the GL Account assigned to this Account key (VKOA).
Then in FS03 , check this GL account number and under "Control Data" whats the Tax category maintained. You can have a * for the tax category here.
Hope this helps
Regards
Sai

Document splitting error for deferred tax transfer document

Hello,
We are into ECC 6.00 and we have activated the new gl concept and profit center is a mandatroy for any transaction.
Now we are implementing Deferred tax functionality to our client and We are performing UAT for the same.When I am performing customer invoice with multiple cost assignments with deferred tax code system is posting the invoice and same I cleared with payment,while running the deferred tax program(RFUMSV50) system genarating batch input session instead of posting the transfer document.
I am trying to running the batch input session through transaction code SM35 and It's giving error of enter profit center in line item 001.
reason is VAT output account is not splitting different profit centers in invoice.
We can created default profit center for deferred tax account but our client requirement is system has to pick the profit center from Invoice.
Could you some body help me how can I resolve this issue.
Please help me for resolving this issue.
Thanks in advance.
Regards,
Satya

Hi,
We have checked with SAP and it's standard functionality of defferred tax program and it will not split the profit center.
Presently we are processing such type of invoices manually transfering deferred tax account to VAT output account.
Regards,
Satya

Error while executing program RFUMSV50 for deferred tax

Hi,
While executing program throgh T.Code S_AC0_52000644 - Deferred Tax Transfer (New), program RFUMSV50, system gives error as Message no. F7229 Only company codes without a jurisdiction code permitted.
We are using TAXINJ procedure.
We have implemented SAP Note No. 921634.
Kindly suggest solution ASAP.
Regards,
mahesh

Hello Samay,
I believe you are running the query in Excel.
You are in 700. I would advise to use the latest patch if possible ( > 904 ).
May be, that will solve your issue.
Otherwise, please attach the trace file details.
You can record a front-end trace as follows:
1.) Start BExAnalyzer
2.) Go To Global Settings
3.) Go to the trace tab
4.) Check "Record Trace"
5.) Close the dialog
6.) Close BExAnalyzer
7.) Reproduce the problem
After the "Critical Program Error" popup appears you find a file
BExAnalyzerTrace.txt in the %temp% folder.
Regards,
Sheik Bilal

Service Tax Treatment in case of Crebit Note in Deferred Tax Transfer Prog

Dear All,
I have done the Configuration related to the Deferred Tax Transfer Programme and also its working fine. Incase regular case, that booking vendor invoice then make the vendor payment & then transfer the service tax credit from Interim Account to Final account through the Deferred Tax Transfer Programme.
Now my issue is I have two cases
1. I have booked a Vendor Invoice & also make a payment of that invoice to Vendor and also transfer the serice tax through Def Tax Prog and afterwarsd we received a credit note of 50% with Ser Tax
2. I have booked the vendor invoice but not make the vendor payment & I received the credit note for the 50% with Ser Tax
So please suggest me the way for booking this service tax related entries (considering the deferred tax programme ) & how this will transfer through Deferred Tax Programme.
Points will be fully assured for helpfull answer.
Regards,
Sandeep

The problem is solved

Impact of Sales Write off amounts on Tax liability

Hi Friends ,
Did any of you had tis situation at your client ? I want to know the impact of tax liabilitry on sales write off amounts , will it reduce the tax liability if sales write off amounts or in other words the bad debts are considered for tax calcualtion. Any inputs greatly accepted,
thank you ,

I am trying to post the tax portion to the tax liability account during write-off in IS-U FICA. Is there a way I can post the tax portion on the invoice to the tax liability account instead of posting the entire amount to the expense account? Any help is highly appreciated.

'Deferred tax: Post invoice and payment separately $1

Hi
A customer invoice is posted with service tax.If we go to f-04 to make
an entry of payment received and Debit bank, debit TDS certificate
receivable for the TDS amount deducted and click on process open items
thereby selecting the customer and then the invoice the system throws
the error as 'Deferred tax: Post invoice and payment separately $1
Message no. DEFTAX020'
And if we try to post it by selecting posting key of credit customer
which will not do the clearing of invoice, the error does not come.
We are using deferred tax transfer New : RFUMSV25.All the other
processes relating to service tax are going fine.
Please suggest.

Hi
A customer invoice is posted with service tax.If we go to f-04 to make
an entry of payment received and Debit bank, debit TDS certificate
receivable for the TDS amount deducted and click on process open items
thereby selecting the customer and then the invoice the system throws
the error as 'Deferred tax: Post invoice and payment separately $1
Message no. DEFTAX020'
And if we try to post it by selecting posting key of credit customer
which will not do the clearing of invoice, the error does not come.
We are using deferred tax transfer New : RFUMSV25.All the other
processes relating to service tax are going fine.
Please suggest.

Deferred Tax transfer problem

1.- I have created a vendor down payment request with tax indicator f-48, then i enter G/L Account posting F-02, then I cleared in bank account the outgoing payment F-03.
2.-Then I make entering vendor invoice FB60 and then I cleared the down payment document with the document generated on the entering vendor invoice with the transaction F-44.
3.- Then I run program RFUMSV25 transaction f.38 with the check box u201CClear Checksu201D marked, the invoice (document generated on the transaction FB60) does not appear on the report, but it appears at the bottom of the report with an error -- code (F)--.
Question
What can i do to make the invoice appears on the report (transaction F.38) without an error, with the check box "clear Checks" marked?.
Thanks.
Edited by: Rafael Vazq on Jan 16, 2009 12:45 PM

Hi,
Please could someone let me know why when I run the Deferred Tax Transfer Program I get the message " List contains no data."
Regards,
ShreeJ

Deferred Tax:Post invoice and clearing of open payment seperately $

Hi Team,
User not able to clear the vendor Through F-44
Down payment was done at 2013 and Invoice is generated at 2014 . now user trying to clear thevendor through F-44 .When he is trying to clear the vendor system throwing error message stating that “Deferred Tax:Post invoice and clearing of
open payment seperately$” .What is the reason for this .Thanks
Regards,
Raj

Hi
Check if OSS Note 913805 is relevant for your EhP and patch level
Regards
Sanil Bhandari

S_AC0_52000644 - Deferred Tax Transfer (Down Payment)

Dear All,
While executing S_AC0_52000644 - Deferred Tax Transfer ,
Gives Message "List Contain No Data"
Checked possible enries and found that , in Table DEFTAX_ITEM, Only
Invoice entry (MIRO) is recorded. Payment and Clearing entry are not there.
Probelm mab be due to not recorded entry of Payment clearing in table
DEFTAX_ITEM. Why / How it's not recorded.
Sequence of my entries are as below.
ME21N Service Purchase Order (Doc No. 4700002105)
ME29N - Release Purchae Order.(Doc No. 4700002105)
F-47 - Down payment Request (Doc No. 1017001832)
F-48 - Post Vendor Down Payment (Doc No. 1015007554)
ML81N - Service Entry (Doc No. 1000003590)
MIR7 - Park Vendor Invoice (Doc No. 5100010944)
MIRO - Post Vendor Invoice (Fi Doc. No. 1051010956)
F-44 - Vendor Clearing. (Cleared Doc No. 1015007554 & 1051010956 and
Clearing Doc No. 1041001123)
Regards
Swati Shah

Hello
Thanx for prompt reply,
Created New Document type 'ZT' . nowi want to assign 'ZT' as a Defau;t Document type in S_AC0_52000644 .
Tried with SHDO by giving Transaction Code S_AC0_52000644
Screen Variant : ZS_AC0_52000644
Program : RFUMSV50
Screen : 1000
and press 'F5' to screen variant.
Here system gives error message ,
No screen variant can be saved for RFUMSV50 1000 (selection screen),      Message no. MS445
Diagnosis
     You want to create a screen variant for a selection screen. You can only
     create screen variants for "normal" screens, dialog boxes, and
     subscreens.
System Response
     Process rejected.
Procedure
     For selection screens you must create selection variants instead of
     screen variants.
SO how to create selection variant for selection screen
Regards
Swati Shah

Deferred tax: Post down payment clearing individually $1 while f-4E3?

Hi all,
We are booking the invoice as well as clearing the special GL transaction through F-43/ F-41
001 39S      0009000457 PRADEEP SANGVIKAR          10,000.00-
002 40       6030000039 Testing Charges             9,066.00                 SA
003 40       4040000067 Service Tax Credit(           907.00                 SA
004 40       4040000069 EDN cess on ST cred            18.00                 SA
005 40       4040000071 H&SECess on ST cred             9.00                 SA
Hhere S (SPECIAL GL) is for staff advance
we are getting the error
Deferred tax: Post down payment clearing individually $1
Message no. DEFTAX023
kindly solve ?

Hi,
Kindly refer to below SAP notes. Might be helpful.
Note 913805 - Error FF891 or DEFTAX025 when posting FI-Documents Version: 5
Thanks
Aravind

Deferred tax liability

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