How to configure extended withholding taxes for Bangladesh?
Dear Experts,
We are trying to configure extended withholding taxes for Bangladesh as per our client's requirement. However, there is no separate configuration steps in IMG Customizing for Bangladesh.
Also, we seek to print a withholding tax certificate for Bangladesh.
Hope to receive some expert advice in this regard.
Best Regards,
Akshay Nerurkar
Hi
I did for Phillipines which in first week of May 2014 and it did copies the setting of EWT it just I had to activate the functional . Yeah I did some more configure and apply some OSS note as well to work it properly ,
Please read 63805 - FAQ: Country-specific Customizing settings
602901 - Support of country specific functions
which states all country fo which SAP delivers the Settings
many Thanks
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How to configure extended withholding tax to get correct 1099MISC
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How to configure extended withholding tax to get correct 1099MISC
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raju
[email protected]Hi,
Pls. check your email. I just sent documents on configuration and reporting for 1099MISC.
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Configure AP Withholding Tax for US
Good Morning Folks-
I have searched the forum high and low and a lot of the config steps for WHT are for India. What are the configuration steps for US?
Thanks!
Points will be awardedHi ,
The steps are almost similar to one for India. Find below the steps for WHT for US
1. Define Official Withholding Tax Keys
For Country key US, defined the following Official Withholding Tax Keys:
Official Key Name
1042 Official Key for 1042 Reporting u2013 not applicable
1099 Official Key for 1099 Reporting
2. Define Withholding Tax Types for Payment Posting
For Country key US, defined the following Withholding Tax Types:
Withholding Tax Type Name
42 1042 ext. w/holding tax -- now
CC 1099 California Corporation Status
FE 1099 Federal With-Holding Tax-- applicable
IC 1099 Independent Contractor Status
ST 1099 State With-Holding Tax - applicable
TE Tax Exempt
3. Define Withholding Tax Codes
one tax code u2013 with zero
For Country key US, defined the following Withholding Tax Codes:
Withholding Tax Type Withholding Tax Code Name Official withholding tax key Withholding tax rate
42 C1 1042 Compen--Ind. personal serv (30 %) 1042 30%
CC C1 Not California Corp. (7% w/Holding) blank 7%
FE 01 Rents 1099 Extended W/TX (0%) 1099 0%
FE 02 Royalties 1099 Extended W/TX (0%) 1099 0%
FE F0 1099 Ext W/TX crop ins. proceeds 31% 1099 31%
FE F1 1099 Extended W/TX Rents 31% 1099 31%
FE F2 1099 Extended W/TX Royalties 31% 1099 31%
FE F3 1099 Extended W/TX Royalties 31% 1099 31%
FE F5 1099 Ext. w/TX Fish. Boat Proc 31% 1099 31%
I have just shown some few Tax codes , the list will be large.
4. Assign GL Account for Withholding
Identified the following G/L accounts to be used for withholding tax types:
Withholding tax type GL account
42 (State Income Tax Withheld)
FE (Federal Income Tax Withheld)
ST (State Income Tax Withheld)
CC (State Income Tax Withheld)
5. Define the Withholding Tax Types used for each Company
These withholding tax types were set up for all companies. Refer to Step 1(Company specific configuration) for a list of companies.
42, FE, ST. CC, IC, TE
6. Activate Extended Withholding for Companies
Activated extended withholding for all companies. Refer to Step 1(Company specific configuration) for a list of companies.
Hope it helps
SJ -
Additional Extended Withholding Tax for Chile.
Dear Gurus,
I've received a request for an additional WIthholding tax used in chile for Foreigner which are not living at chile.
The description I've received was as follows.
If a Downpayment is applied the Withholding Tax should be set at the Downpayment.
after that when the Invoice is loaded, the remaining WIthholding tax should be calculated.
I've created two Tax types one for invoice and one for payments. with their corresponding Tax Codes.
Take this as an example: Final Invoice 10000 WTh 20%
F-48 Downpayment of 5000 , estimates WTh of 1000 this leaves
5000 Vendor,
1000 to WTh and
4000 to outgoing payment
After that I enter the invoice reducing the WTh ammount to the remaining part (5000)
that leaves the following accounting doc
Expenses 10000
to Vendor 9000
Wth 1000
then I make a compensation at f-54 for the 5000 Downpayment. but when generating the final payment of the invoice the F110 is calculating as follows.
wht 1000
Vendor 9000
to vendor 5000
Wth 2000
Payment 3000
Doing this it's estimating the nother 1000 of the remaining part of the paymen side of the Wth.
Could anyone let me know if there's a way to make it avoid making this estimation since the whole withholding tax has finished when the invoice arrived.
Thanks in advance for any information you could provide.
RegardsHi Srinivas,
No additional customization required for customers credit Memo TDS except this one. All configuration setting for Vendor withholding Tax procedure also applicable to Customers.
Go to ASSIGN WITHHOLDING TAX TYPES TO COMPANY CODES
then select subject to w/tx check box under customer data
Sunitha. -
Extended withholding tax for customer tds
I WANT CONFIGURATION STEPS FOR CUSTOMER TDS ( CREDIT MEMO)
Hi Srinivas,
No additional customization required for customers credit Memo TDS except this one. All configuration setting for Vendor withholding Tax procedure also applicable to Customers.
Go to ASSIGN WITHHOLDING TAX TYPES TO COMPANY CODES
then select subject to w/tx check box under customer data
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Extended Withholding Tax for Mexico on the Customer Side
We currently have a customer who we invoice and we know that they withhold the tax. Any advice on how to show the VST on the invoice we send to the custer and also show the tax as being withheld?
Best regards,
ChetThe forum [FPM - General|Enterprise Performance Management (SAP EPM); in which you originally posted your question deals mainly with the financial performance applications otherwise known as Enterprise Performance Management (EPM) carrying the BusinessObjects brand. Your question pertains to SAP [ERP Financials|SAP ERP Financials; which is covered by another forum. Therefore your message has been moved. Please adjust any bookmarks you might have and post to the appropriate area in the future, that way you are assured you will have the right audience reading your posts.
Thanks and best regards,
[Jeffrey Holdeman|http://wiki.sdn.sap.com/wiki/display/profile/Jeffrey+Holdeman]
SAP Labs, LLC
BusinessObjects Division
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Extended Withholding Tax Configuration for USA
Hi Friends,
Any one of you upgraded from Classic to Extended Withholding Tax for USA?
Could you give me a head start or if possible send me configuration docs. We are currently in ECC 6.0.
Also how do you configure withholding tax for Foreign Vendors (like Canada or UK)?
Appreciate it!
Ravi.Hello Ajay/Surendra,
Could you please forward me the Configuration steps to configure extended withholding tax for country code: USA/ Canada to my email: [email protected]
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Joana -
Extended Withholding Tax in Country DE, Company Code 1000 in ECC 5 IDES
hi all
can we configure extended withholding tax for the company code 1000 in ECC5 IDES. even after making the whole configuration, while maintaining vendor master code an error message is coming.
message: Entry DE 15 does not exist in T059Z - check your entry
Message no. 00058
15 is Tax Code
i am getting some values in the customisation help hit like "Financial Accounting Basic Settings (New)" but it is not available in the IMG MENU. is it not availbale in IDES.
it is very urgent and i am stuck up. pls provide some inputs
regards,
ashokPlease, check in the IMG that you have correctly defined the table
T059Z:
Financial Accounting -> Financial Accounting Global Settings ->
Withholding Tax -> Extended Withholding Tax -> Calculation ->
Withholding Tax Codes -> Define withholding tax codes
Please, also check the customizing of the vendor's Account Group
and set the field Tax category as optional:
Trans. OBD3 -> Select account group -> Company Code Data ->
W/holding tax data, w/h tax 2 -> Withholding tax category
Regards
Siva -
S_pl0_09000447- can i use this for Extended Withholding Tax
Dear Gurus,
In my compoany im using Extended Withholding Tax for India, and can i use the Report S_PL0_09000447 - Withholding tax report for the vendor.
Kindly Advice whether can i use this report for EWT or not.
if yes how to use it.
Regards
karthikHi,
On the analysis, the system expects an entry in the T059Q table with
code as XX.
The reason being in the extended withholding tax we use multiple
witholding tax codes and these entries are stored in the table
with_item. And in BSEG we populate the field withholding tax code i.e.
BSEG-QSSKZ with the value 'XX'. In classical withholding tax we used to
store the code directly which is not possible with Extended withholding
tax.
As the field BSEG-QSSKZ refers to the values in the table T059Q-QSSKZ
the entry 'XX" needed in this table for the corresponding country of the
company code to maintain the correct relationship and consistent
database information.
Hence for the statistical purpose and for the internal calculations we
need an entry in the table T059Q. Could you please maintain this code
i.e. 'XX' also in the table T059Q in a test system? Then retest your issue.
This should resolve your issue.
Kind Regards,
Vanessa. -
Configuration of Extended Withholding Tax
Dear Friends,
Please send me the document of configuration of Extended withholding tax for India.
Please treat this as urgent.
Thanks & Regards,
Reva.Hai,
Kindly go through this link ...
http://help.sap.com/saphelp_erp2005vp/helpdata/en/1e/f4a18e11d811d4b5af006094b9ec21/frameset.htm
In this link.... under taxes... u will get the required info.
Raghav -
Suitable BAPI for extended withholding tax
we are migrating from classic withholding tax to extended withholding tax for which we are modifying all the programs which were using MRHR (invoice) in the background, since MRHR will be replaced by MIRO in extended withholding tax, in this process when we are trying to modify one program, we could not record MIRO, hence our technical team suggested for use of BAPI functional module, kindly anybody suggest me which is the suitable BAPI for posting of invocie verification.
Thanx in advance.
KrishnaHi Krishna,
Please check BAPI_INCOMINGINVOICE_CREATE and let me know.
Assign points if it useful.
Regards
Ravinagh Boni -
Extended withholding tax deduction from customer credit
hi all
configured the extended withholding tax for deducting tds from customer credit line items.
deduction is required only after the amount accumulation 2500/- (this is also configured)
1.is the recipient type and country is not required for the customer tds..? (it is not visible in the customer master, but is in vendor master)
2.in the amount accumulation for 2500/- consider the following scenario.
>>first bill amount 2450/- (no tax deduction)
>>second bill for Rs.100/- from which i need to deduct tax for 2550/-, since Rs.100 is not enough to deduct 10% tax from tax base 2550.00 it is throwing error.
pls help
with best regards,
sallu c.mathewHi Ajeesh,
As already mentionned in standardf help from sap, you use J1INCUST which is a report to record the with. tax certificates sent to you by your clients. In doing so, the system clears the wi. tax to a G/L account that records how much tax your customers have withheld on your behalf, known as the customer tax creditable account. You can offset this tax against your income tax payable at year-end.
And you run the report immediately you receive a certificate from a customer.
Then system creates an accounting document to transfer the withholding tax from the G/L account for the withholding tax deducted by your customers to the customer tax creditable account.
Best regards,
Tarek -
Extended Withholding tax in VIM
Hi ,
We are EHP 6 and we are implementing Open Tax for our new company code Philippines .
We have activated EXTENDED WITHHOLDING TAX " functionality in SAP and want to use same in Open text .
We are using VIM 6 .
Can you please help us on this?
how to activate extended Withholding tax in VIM 6 for EHP6 .
many Thanks
RegardsDear Preeti,
I had similar issue in VIM7 but then discovered that the fields in VIM are displayed as soon as the vendor is subjected to withholding tax. Withholding tax will show up in Tax tab.
Let me know if it works.
Best regards,
Alessandro -
Extended Withholding tax changeover
Hi, I want to activate extended withholding tax for a company that has not used classic withholding tax. The changeover process only deals with moving from classic to extended. How do i move from nothing to extended ??
transaction WTMG - Company code selection - the system delets company codes for which classic withholding tax has not been used......... so how do I convert the existing dataHi Dipak,
All invoices posted prior to activating EWT do not get paid - details when displaying the line item within F110 say at the bottom in the Note section "Item cannot be paid due to inconsistent withholding tax information". I tried entering an exemption number on the master record with a date range up to the date of activation, but that makes no difference to the error in F110. If I go into the open items and update them for withholding tax, the items then get paid via F110.
This leads me to believe that all old open items need to be converted.
Regards,
James -
Extended Withholding Tax not calculating
Hi
We are in ECC 6. In development system, we configured Extended Withhoding Tax for India and tested Vendor Invoice FB60. It works perfectly without any problem. It post separate line item for withholding tax as well.
We moved the configuration to Test system, where it is not working at all. All settings are as similar as development system. Vendor master record also similar as development. The document entered for testing is same as development.
Why it is not calculating Withholding tax in Test system? Is it any thing is to be done manually (like activation), table update.. in client independently?
You suggestion is most impartant.
Thanks
VenkatDear Venkatasubramanya,
Check the following Master data in your Test System......
1. Vendor Master Data: Check in Withholding tax tab, whether liable tick is activated or not for your Tax Codes
2. Whether your Withholding tax types are oayment type or invoice type
check in GL Master (Vendor Reco Account), Field Status Group, Whether Withholding tax fields are optional or not.
Best Regards
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