Does SAP support the Contractor Witholding Regulations REG-158747-06

Purchasing and payments is not an area I am very familiar with. I am trying to get enough information to determine what sort of assistance we will need.
Can anybody tell me if the new IRS Contractor Withholding mandate (REG-158747-06 [http://www.irs.gov/govt/fslg/article/0,,id=204409,00.html] that is to start effective 1/1/2012 can be configured through "normal" configuration in SAP R/3 4.7?
As a quick summary I understand if you have a contract for a vendor that exceeds $10,000/year or monthly payments to a vendor that exceed $10,000 you will be required to withhold 3% taxes to be paid to the IRS.
Any direction insight to this would be greatly appreciated.

GigabitEthernet0 unassigned YES unset up down
The AP has a faulty NIC card. Contact Cisco TAC to get it replaced.

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as indicated in the system requirements of SAP GUI for Java 6.40, JRE 1.4.2 is the only supported Java version on any of the platforms including Mac OS X.
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Does SAP support the Contractor Witholding Regulations REG-158747-06

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