Oracle Payables Witholding Tax Accounting Entries

Can someone please confirm the accounting entries in regards to withholding tax in Oracle Payables.
Are these correct?
At the time of payment creation:
DEBIT: ACCOUNTS PAYABLES $100
CREDIT: CASH $80
CREDIT: WITH-HOLDING TAX PAYABLE $20
When witholding tax invoice is created:
DEBIT: WITH-HOLDING TAX PAYABLE $20
CREDIT: ACCOUNTS PAYABLE $20
When witholding tax invoice is paid:
DEBIT: ACCOUNTS PAYABLE $20
CREDIT: CASH $20
Is WITH-HOLDING TAX PAYABLE a liability account through all entries or is there an expense account in the picture as well.
Thanks
Asim

Hello Asim.
Yes, the accounting entries are correct and there are no expense accounts involved in this process.
Octavio
(Chartered accountant)

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[email protected]

Configuration Guide
1        Overview
This configuration guide provides the information you need to set up the configuration for withholding tax under Financial Accounting. It covers configuration relating, classic withholding tax, extended withholding tax.
2       Configuration
2.1        Organization structure
2.1.1     Organization Setup Step
N.A
2.1.1.1     Use
N.A
2.1.1.2     Prerequisites
N.A
2.1.1.3     Procedure
1.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     <IMG Menu path>
2.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
-     In above table enter the field name, description, and usage of every relevant field.
-     In the table below, list down all the actual values set up in the client. Add or delete columns as necessary.
<Field -1>     <Field -2>     <Field -3>     <Field -4>
Value 1-1     Value 2-1     Value 3-1     Value 4-1
2.2        Process Configuration for withholding Tax
The following are the configuration steps for Withholding tax.
2.2.1     Classic withholding Tax
     Maintain Countries
     Maintain Types of Recipient
     Define Income Types
     Maintain Tax Codes
     Define Form Names for Extended Reporting
     Define Output Groups
2.2.1.1     Maintain Countries
The withholding tax country is needed for printing the withholding tax form. Since the list of country IDs prescribed by law is different from the list in the system, you have to define the withholding tax countries again.
2.2.1.1.1     Use
Used For printing the withholding tax forms.
2.2.1.1.2     Prerequisites
N.A
2.2.1.1.3     Procedure
3.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Basic Settings Maintain Countries
4.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country Key          country key contains information which the system uses to check entries such as the length of the postal code or bank account number
Withholding tax country          An additional country is needed for calculating or reporting withholding tax.
Description           Text of country
2.2.1.2     Maintain Types of Recipient
The type of recipient categorizes the vendor, which is necessary for printing the withholding tax form.
2.2.1.2.1     Use
Used For printing the withholding tax forms.
2.2.1.2.2     Prerequisites
N.A
2.2.1.2.3     Procedure
5.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Basic Settings  Maintain Types of Recipient
6.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country Key          country key contains information which the system uses to check entries such as the length of the postal code or bank account number
Rec. Type          Type of recipient"
Description          Description of recipient type
2.2.1.3     Define Income Types
The income type is a classification of your (foreign) vendors according to income.
2.2.1.3.1     Use
You need the income type as a specification for the withholding tax return...
2.2.1.3.2     Prerequisites
N.A
2.2.1.3.3     Procedure
7.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Basic Settings  Define Income Types
8.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Income type           Type of income subject to withholding tax
Text          Description of income type
2.2.1.4     Maintain Tax Codes
The income type is a classification of your (foreign) vendors according to income.
2.2.1.4.1     Use
You need the income type as a specification for the withholding tax return...
2.2.1.4.2     Prerequisites
N.A
2.2.1.4.3     Procedure
9.     Access the activity using the following navigation options:
Transaction Code     OBC7
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Calculation Maintain Tax Codes
10.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country           The country key contains information which the system uses to check entries such as the length of the postal code or bank account number.
W.tax code           The tax codes are unique per country
Description          Text of the tax code
Off.w. tax .code          Key which is used for withholding tax reporting on official forms.
Percentage subject to tax          Portion of the invoiced amounts which are subject to tax with the above-mentioned withholding tax code
Net base for tax contributions          Indicator that the taxes on sales/purchases are not used in the base amount for withholding tax.
Currency          Currency of the minimum amount defined for the withholding tax report
Minimum Amount          Field used define minimum tax it is used for Japan only     N.A
Withholding tax rate          Percentage rate used in conjunction with the withholding tax base amount to calculate the withholding tax amount
Reduced Rate          Percentage rate which is to be used for the withholding tax base amount if there is a valid exemption certificate, to calculate the withholding tax amount
Withh. tax formula          withholding tax is to be calculated according to a special procedure
Germ. reunification tax          German Reunification Tax for the Withholding Tax     N.A
Posting with payment           The payment amount is reduced by the withholding tax amount posted
Region          The region forms part of the address
Provincal tax code           Together with the country key, the region and the withholding tax class,the fiscal province code defines a reporting key that is required for reporting withholding tax (DME) and by the tax authorities (Spain).     N.A
Income type          Type of income subject to withholding tax
2.2.1.5     Define Accounts for Withholding Tax
You define the account numbers of your withholding tax accounts. The system posts the tax amount to these accounts when clearing open items.
2.2.1.5.1     Use
Used for document posting in FI.
2.2.1.5.2     Prerequisites
N.A
2.2.1.5.3     Procedure
11.     Access the activity using the following navigation options:
Transaction Code     OBYS
     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Postings Define Accounts for Withholding Tax
12.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Transaction      QST     The transaction keys are used to determine accounts or posting keys for line items which are created automatically by the system.
Tax code           used to differentiate account determination
Account           GL account no.
2.2.1.6     Define Form Names for Extended Reporting
You define the names of the forms for the withholding tax return to your vendors.
2.2.1.6.1     Use
You can use the form ID to define country-specific forms.
2.2.1.6.2     Prerequisites
Form should be there
Company code
2.2.1.6.3     Procedure
13.     Access the activity using the following navigation options:
Transaction Code     SPRO
     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Reporting Define Form Names for Extended Reporting
14.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Program name           The name of the program you want to edit
Company code           The company code is an organizational unit within financial accounting.
Form ID          The identification for a form or a form set enables you to access a particular form or set of forms from a selected group of forms
Form           Form which is to be displayed
2.2.1.7     Define Output Groups
You define the combination of outputs which is required for a given data source
You would define two output groups in Customizing:
One to define the data selection (accounts payable, etc.) and the form and file to be used.
One to define a data selection (accounts receivable, etc.) and the list to be used.
2.2.1.7.1     Use
You can for different reporting purpose..
2.2.1.7.2     Prerequisites
Form
DME Engine
2.2.1.7.3     Procedure
15.     Access the activity using the following navigation options:
Transaction Code     SPRO
     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Generic Withholding Tax Reporting Define Output Groups
16.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Process Type          type of process that will be triggered by the program
Output Group          Indicates the output group as used in withholding tax reporting. An output group is the combination of outputs which is required for a given data .
Customizing view          withholding tax scheme in your country
Reported doc.          You can choose in which context the withholding tax data is to be displayed
Open items          selecting this option will allow you to see also the open items
Group item according to fiscal year          items belonging to vendor/customer B are listed together with items of vendor/customer A if A is specified as fiscal address of B.
No exemptn data          Excludes data relating to withholding tax exemption
No tax data          Excludes data relating to taxes on sales/purchases
Title of output list focused on          The output list is divided into four sections, covering Various information
Form printing          Description for printing form
DME File          Using this parameter, you can control whether the data medium exchange should be carried out to a temporary sequential file
Format tree          Used together with the DMEE tree type to uniquely identify a format tree
Tax Ref.1           There is a parameter type for every additional parameter for a company code
Tax Ref.2          There is a parameter type for every additional parameter for a company code
User Program          Your report should contain a form
2.2.2     Extended withholding Tax
Withholding tax      Country
Extended withholding tax     Malaysia, Singapore, Brunei, Nepal ,Thailand
     Check Withholding Tax Countries
     Define Withholding Tax Codes
     Check Recipient Types
     Define Income Types
     Define Withholding Tax Type for Invoice Posting
     Define Withholding Tax Type for Payment Posting
     Define Rounding Rule for Withholding Tax Type
     Define Withholding Tax Codes
     Define Formulas for Calculating Withholding Tax
     Portray Dependencies Between Withholding Tax Types
     Define Min/Max Amounts for Withholding Tax Codes
     Assign Withholding Tax Types to Company Codes
     Activate Extended Withholding Tax
     Define Accounts for Withholding Tax to be Paid Over
     Define Accts for W/hold.Tax for "Gross.Up" Offsetting Entry
     Define Accounts for Self-Withholding Tax
     Define Accounts for Withholding Tax Offsetting Entry
     Define Numbering Classes
     Define Numbering Groups
     Define Number Ranges
     Assign Numbering Group to Numbering Class
     Assign Numbering Group to Numbering Class
     Numbering Concept Option 1: Assign Numbering Class
     Numbering Concept 4: Assign Numbering Group
     Assign Forms for Withholding Tax Certificates
     Define Minimum Amounts per Withholding Tax Code
     Define Output Groups
2.2.2.1     Check Withholding Tax Countries
The withholding tax country is needed for printing the withholding tax form. Since the list of country IDs prescribed by law is different from the list in the system, you have to define the withholding tax countries again.
2.2.2.1.1     Use
Used For printing the withholding tax forms.
2.2.2.1.2     Prerequisites
N.A
2.2.2.1.3     Procedure
17.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Extended Withholding Taxs Basic Settings  Check Withholding Tax Countries
18.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country Key          country key contains information which the system uses to check entries such as the length of the postal code or bank account number
Withholding tax country          An additional country is needed for calculating or reporting withholding tax.
Description           Text of country
2.2.2.2     Define Withholding Tax Codes
If your national tax authorities use withholding tax keys to identify the different withholding tax types, you can define these official names for your tax codes here.
2.2.2.2.1     Use
System can therefore assign the withholding tax items to the correct withholding tax return.
2.2.2.2.2     Prerequisites
N.A
2.2.2.2.3     Procedure
19.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Extended Withholding Taxs Basic Settings  Define Withholding Tax Codes
20.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Official Key          Official withholding tax codes are defined which must be included in official reports.
Name           Description of official key
National tax code           With this value you can classify every official tax key. This information is required on certain legal reports
Country     Off. w/tax key     Nat. Tax Code     Text (40 characters)
NP     COMN           Commission
NP     CONT           Contractors
NP     DIVD           Dividends
NP     INTR           Interest
NP     MANT           Maintenance
NP     PROF           Professional
NP     RENT           Rent
2.2.2.3     Check Recipient Types
The type of recipient categorizes the vendor, which is necessary for printing the withholding tax form.
2.2.2.3.1     Use
To print from for vendors.
2.2.2.3.2     Prerequisites
N.A
2.2.2.3.3     Procedure
21.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Extended Withholding Taxs Basic Settings  Check Recipient Types
22.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
With holding tax type          This indicator is used to classify the different types of withholding tax
Rec. Type          The type of recipient can be defined in the vendor master record
Text          Description of Rec. type
Country     Withhld tax type     Recipient type     Text
NP     I1     NR     Non - residents
NP     I1     PN     Person Not Registered
NP     I1     PR     Person Registered
NP     P1     NR     Non - residents
NP     P1     PN     Person Not Registered
NP     P1     PR     Person Registered
TH     I1     3     Phaw.Ngaw.Daw. 03
TH     I1     53     Phaw.Ngaw.Daw. 53
TH     I1     54     Phaw.Ngaw.Daw. 54
TH     I2     3     Phaw.Ngaw.Daw. 03
TH     I2     53     Phaw.Ngaw.Daw. 53
TH     I2     54     Phaw.Ngaw.Daw. 54
TH     P1     3     Phaw.Ngaw.Daw. 03
TH     P1     53     Phaw.Ngaw.Daw. 53
TH     P1     54     Phaw.Ngaw.Daw. 54
TH     P2     3     Phaw.Ngaw.Daw. 03
TH     P2     53     Phaw.Ngaw.Daw. 53
TH     P2     54     Phaw.Ngaw.Daw. 54
TH     W1     2     Phaw.Ngaw.Daw. 02
TH     W1     3     Phaw.Ngaw.Daw. 03
TH     W1     53     Phaw.Ngaw.Daw. 53
TH     W1     54     Phaw.Ngaw.Daw. 54
TH     WP     2     Phaw.Ngaw.Daw. 02
TH     WP     3     Phaw.Ngaw.Daw. 03
TH     WP     53     Phaw.Ngaw.Daw. 53
TH     WP     54     Phaw.Ngaw.Daw. 54
2.2.2.4     Define Income Types
The income type is a classification of your (foreign) vendors according to income.
2.2.2.4.1     Use
You need the income type as a specification for the withholding tax return...
2.2.2.4.2     Prerequisites
N.A
2.2.2.4.3     Procedure
23.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Taxs  Define Income Types
24.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Income type           Type of income subject to withholding tax
Text          Description of income type
2.2.2.5     Define Withholding Tax Type for Invoice Posting
You define the withholding tax type for the posting at the time of entering an invoice. This withholding tax type does not have any effect on the payment.
2.2.2.5.1     Use
The withholding tax type used for the posting at the time of entering an invoice.
2.2.2.5.2     Prerequisites
N.A
2.2.2.5.3     Procedure
25.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Taxs  Calculation  Withholding Tax Type  Define Withholding Tax Type for Invoice Posting
26.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country          The country key contains information which the system uses to check entries
Withhld tax type          This indicator is used to classify the different types of withholding tax
W/TAX type No.          By numbering withholding tax types, you can have withholding tax calculated in a particular sequence
Base amount      Net amount,
Modif net amount.
Gross amount,
Tax amount ,
Modif tax amount ,
Inherit base,
Base amount Reductn     the system uses the selected amount as the base amount to calculate the withholding tax amount.
Rounding rules     W/Tax comm.round,
Round w/Tax amnt up,
Round w/tax amount     To enable the system to calculate withholding tax, you must specify a rounding rule for each withholding tax type.
Post w/tax amount          TShe withholding tax amount is both calculated and posted
Accumulation type      No accumulation,
Per calendar year,
Per quarter,
Per month,
Per year ,starting with mnth
Acc. W/Tax to max.     Is used to accumulated withholding tax
W/tax base manual          withholding tax type, the field withholding tax base amount is ready for input
Manal w/tax amnt          For document entry the field withholding tax base amount is ready for input for this withholding tax type
No cert. numbering          Prevents certificate numbering
Region          the region forms part of the address
Base Amount     W/tax code level,
Type Level     Defines the minimum/maximum withholding tax base amount at withholding tax code level.
Withholding tax amount      W/Tax code level,
Type Level     Defines the minimum/maximum withholding tax amount at withholding tax type level
2.2.2.6     Define Withholding Tax Type for Payment Posting
You define the withholding tax type for posting at the time of paying. You also have to enter the withholding tax information when entering the document for this withholding tax type. (Only for Thailand)
2.2.2.6.1     Use
The withholding tax type used at the time of posting.
2.2.2.6.2     Prerequisites
N.A
2.2.2.6.3     Procedure
27.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Taxs  Calculation  Withholding Tax Type  Define Withholding Tax Type for Payment Posting
28.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country          The country key contains information which the system uses to check entries
Withhld tax type          This indicator is used to classify the different types of withholding tax
W/TAX type No.          By numbering withholding tax types, you can have withholding tax calculated in a particular sequence
Base amount      Net amount,
Modif .net amount.
Gross amount,
Tax amount ,
Modif tax amount ,
Inherit base,
     the system uses the selected amount as the base amount to calculate the withholding tax amount.
Rounding rules     W/Tax comm.round,
Round w/Tax amnt up,
Round w/tax amount     To enable the system to calculate withholding tax, you must specify a rounding rule for each withholding tax type.
Cash discount      W/tax pre c/dis,
c/dis pre w/tax
Post w/tax amount          TShe withholding tax amount is both calculated and posted
Accumulation type      No accumulation,
Per calendar year,
Per quarter,
Per month,
Per year ,starting with month,
Combined Accum
Acc. W/Tax to max.     Is used to accumulated withholding tax
W/tax base manual          withholding tax type, the field withholding tax base amount is ready for input
Manal w/tax amnt          For document entry the field withholding tax base amount is ready for input for this withholding tax type
Self W/holding           When you come to make a payment, you can then decide, on a case by case basis, whether self-withholding should apply
W/Tax alrdy w/hd          the amount can be entered when you post the invoice
W/tax for Pmnt          the withholding tax amount can be entered manually for incoming and outgoing payments
No.Cert. numbering          Prevents certificate numbering
Region          the region forms part of the address
Base Amount     W/tax code level,
Type Level     Defines the minimum/maximum withholding tax base amount at withholding tax code level.
Withholding tax amount      W/Tax code level,
Type Level     Defines the minimum/maximum withholding tax amount at withholding tax type level
Central invoice      No centr.invoice,
Cent.inv & 1st p.pmt,
Central inv.prop.     indicator, "Central invoicing" is not applied to this withholding tax type.     N.A keep it as no.
Minimum check      Minimum check at item level,
Check min base amnt at pmnt doc level,
Min .base amnt check at doc invoice level,
Amount min.check at payment doc level,
Tax exempt amount check at Document level     You can select any indicator system calculate the tax and post after checking the specified base amount
2.2.2.7     Define Rounding Rule for Withholding Tax Type
You define rounding rules for the individual withholding tax types.
2.2.2.7.1     Use
Rounding rules only apply to the posting of withholding tax amounts in the appropriate company code
2.2.2.7.2     Prerequisites
N.A
2.2.2.7.3     Procedure
29.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Taxs  Calculation  Withholding Tax Type  Define Rounding Rule for Withholding Tax Type
30.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Company code      NP01     The company code is an organizational unit within financial accounting.
W/th .type     I1,P1     This indicator is used to classify the different types of withholding tax.
Currency     NPR     Currency key for amounts in the system.
Unit     100     Unit to be round off
2.2.2.8     Define Withholding Tax Codes
You define the withholding tax codes rounding for calculating withholding tax.
2.2.2.8.1     Use
Used for calculating the withholding tax.
2.2.2.8.2     Prerequisites
N.A
2.2.2.8.3     Procedure
31.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Taxs  Calculation  Withholding Tax Codes  Define Withholding Tax Codes
32.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country           The country key contains information which the system uses to check entries
Withhld tax type           This indicator is used to classify the different types of withholding tax
w/tax code          One or more "withholding tax codes" are assigned to each withholding tax type
Off.W/Tax Key          official withholding tax codes are defined which must be included in official reports
Percentage subject to tax          Portion of the invoiced amounts which are subject to tax with the above-mentioned withholding tax code.
Post.Indic          If you set this indicator tax amount is deducted accordingly
     1 - Portion of the invoiced amounts which are subject to tax with the above-mentioned withholding tax code.
3- Portion of the invoiced amounts which are subject to tax with the above-mentioned withholding tax code.
With/tax rate          This is the percentage rate applied to the withholding tax base amount to arrive at the withholding tax amount
With /tax rate ( fraction)          Withholding tax rate counter, if the rate can be entered as a fraction
W.tax From          Indicator that withholding tax is to be calculated according to a special procedure
Region          The region forms part of the address
Prov.tax.code          Together with the country key, the region and the withholding tax class,the fiscal province code defines a reporting key that is required for reporting withholding tax (DME) and by the tax authorities (Spain).
Income type          Type of income subject to withholding tax
2.2.2.9     Define Formulas for Calculating Withholding Tax
You define formulas (scales) for calculating withholding tax. In order to use a formula for calculating withholding tax, you must enter the national currency in the Currency key field of the relevant company code.
2.2.2.9.1     Use
Used for defining the specification like from which date ,up to what amount the tax rate is applicable
2.2.2.9.2     Prerequisites
N.A
2.2.2.9.3     Procedure
33.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Taxs  Calculation  Withholding Tax Codes  Define Formulas for Calculating Withholding Tax
34.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country           The country key contains information which the system uses to check entries
currency          Currency key for amounts in the system.
Withhld tax type           This indicator is used to classify the different types of withholding tax
w/tax code          One or more "withholding tax codes" are assigned to each withholding tax type
Wcty          an additional country is needed for calculating or reporting withholding tax
Valid from          The date valid from
To base amnt          Maximum withholding tax base amount up to which the withholding tax rate specified is to be used
Whld Tax          Percentage rate, which is used in conjunction with the withholding tax base amount to calculate the withholding tax amount
Red RT          Percentage rate which is to be used for the withholding tax base amount if there is a valid exemption certificate, to calculate the withholding tax amount
Reduce.base amt.          Amount by which the base amount is to be reduced in order to determine the withholding tax amount by means of the withholding tax rate
Dec.red.bse.amt          Amount by which the base amount is to be reduced with withholding tax exemption in order to determine the withholding tax amount by means of the decreased withholding tax rate
2.2.2.10     Portray Dependencies between Withholding Tax Types
You can represent dependencies between withholding tax categories.
2.2.2.10.1     Use
You can use in a sequence of withholding tax in a sequence.
2.2.2.10.2     Prerequisites
N.A
2.2.2.10.3     Procedure
35.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Taxs  Calculation  Withholding Tax Base Amount Portray Dependencies Between Withholding Tax Types
36.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country           The country key contains information which the system uses to check entries
Withhld tax type          This indicator is used to classify the different types of withholding tax
W/tax type no.          By numbering withholding tax types, you can have withholding tax calculated in a particular sequence
Depend on type no.          Sequence number of the withholding tax type whose withholding tax amount has some influence in the calculation of the withholding tax base amount
     Table values
Cty     Wth.t.type     W/tax no.     Depen.type     Name
NP     I1     1           Invoice posting - EWT
NP     P1     2           Payment posting - EWT
2.2.2.11     Define Min/Max Amounts for Withholding Tax Codes
you define minimum and maximum amounts for withholding tax codes. In the withholding tax base exemption amount field you can specify an amount which is deducted when calculating the with holding tax base. The amount of the tax exemption does not have any effect when matching the withholding tax base with the minimum, because the base and the minimum are matched before the tax-exempt amount is deducted.
2.2.2.11.1     Use
Used for exemption amount field you can specify an amount which is deducted when calculating the with holding tax base.
2.2.2.11.2     Prerequisites
N.A
2.2.2.11.3     Procedure
37.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Taxs  Calculation  Minimum and Maximum Amounts Define Min/Max Amounts for Withholding Tax Codes
38.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Country           The country key contains information which the system uses to check entries
Withhld tax type          This indicator is used to classify the different types of withholding tax
W/tax Code          One or more "withholding tax codes" are assigned to each withholding tax type.
Currency          Currency key for amounts in the system.
Valid from          The date valid from
Minimum W/tax amount           Minimum withholding tax amount. The withholding tax amount calculated if only posted if it exceeds this minimum amount.
Maximum W/tax amount          Maximum withholding tax amount. If the withholding tax amount calculated exceeds this maximum, the system posts the maximum amount (and not the actual tax amount
Minimum base amount           Minimum withholding tax base amount.
W/Tax bse exem.amount           The withholding tax base exemption amount is deducted from the base amount before the withholding tax amount is calculated
2.2.2.12     Assign Withholding Tax Types to Company Codes
You assign withholding tax categories to company codes.
2.2.2.12.1     Use
To work with withholding tax .
2.2.2.12.2     Prerequisites
Company code
Tax code
2.2.2.12.3     Procedure
39.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Tax s  Company Code Assign Withholding Tax Types to Company Codes
40.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Company code           The company code is an organizational unit within financial accounting.
Withhld tax type          This indicator is used to classify the different types of withholding tax.
Recipient type           The type of recipient can be defined in the vendor master record
With/tax agent           you tell the system that for this withholding tax type, the company code is entitled to withhold tax on behalf of a vendor
W/Tax obligated from          Date from which.The company code is obligated to withhold tax for the given withholding tax type
Oblig. to W/Tax Until          Date to which. The company code is obligated to withhold tax for the withholding tax type.
W/tax Number          This is a number issued by the tax authorities per withholding tax type.
Subject to W/tax          you tell the system that the company code for this withholding tax type is subject to withholding tax.
Self Withhldg agent           the company code can withhold tax on its own behalf for this withholding tax type
Wxeption number          Numbered assigned by the relevant authorities for exemption from withholding tax.
Exemption reas.          used to classify different types of exemption from liability to a particular withholding tax.
Exemption rate          Rate of exemption from withholding tax.
Exempt from           Date from which withholding tax exemption applies.
Exempt to          Date up to which withholding tax exemption applies.
2.2.2.13     Activate Extended Withholding Tax
You can activate extended withholding tax.
2.2.2.13.1     Use
To work with extended withholding tax.
2.2.2.13.2     Prerequisites
Company code
2.2.2.13.3     Procedure
41.     Access the activity using the following navigation options:
Transaction Code     SPRO
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Tax s  Company Code Activate Extended Withholding Tax
42.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Company code           The company code is an organizational unit within financial accounting.
Extended w/tax          You select this indicator; you activate extended withholding tax processing.
2.2.2.14     Accounts for Withholding Tax to be Paid Over
You define the accounts for the withholding tax to be paid over.
2.2.2.14.1     Use
Used for posting extended withholding tax.
2.2.2.14.2     Prerequisites
Tax code
GL Account must exist in company code
2.2.2.14.3     Procedure
43.     Access the activity using the following navigation options:
Transaction Code     OBWW
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Tax s  Accounts for Withholding Tax   Accounts for Withholding Tax   Define Accounts for Withholding Tax to be Paid Over
44.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Transaction      WIT     The transaction keys are used to determine accounts or posting keys for line items which are created automatically by the system.
Withholding tax type           Indicates a grouping of valuation areas to facilitate the administration of the table of standard accounts by minimizing the number of entries.
Withholding tax code          Key which has a different meaning depending on the procedure. It is used to differentiate account determination.
Account           The G/L account number identifies the G/L account in a chart of accounts.
2.2.2.15     Define Accts for W/hold.Tax for "Gross.Up" Offsetting Entry
You can define the accounts for the withholding tax offsetting entry for the "grossing up" procedure .
2.2.2.15.1     Use
Used for posting extended withholding tax.
2.2.2.15.2     Prerequisites
Tax code
GL Account must exist in company code
2.2.2.15.3     Procedure
45.     Access the activity using the following navigation options:
Transaction Code     OBWU
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Tax s  Accounts for Withholding Tax   Accounts for Withholding Tax Define Accts for W/hold.Tax for "Gross.Up" Offsetting Entry
46.     On the Overview screen, make the following entries:
Field Name     Description     Usage     Remarks
Transaction      GRU     The transaction keys are used to determine accounts or posting keys for line items which are created automatically by the system.
Withholding tax type           Indicates a grouping of valuation areas to facilitate the administration of the table of standard accounts by minimizing the number of entries.
Withholding tax code          Key which has a different meaning depending on the procedure. It is used to differentiate account determination.
Account           The G/L account number identifies the G/L account in a chart of accounts.
2.2.2.16     Define Accounts for Self-Withholding Tax
You can define the accounts to which withholding tax is posted.
2.2.2.16.1     Use
Used for posting extended withholding tax.
2.2.2.16.2     Prerequisites
GL Account must exist in company code
2.2.2.16.3     Procedure
47.     Access the activity using the following navigation options:
Transaction Code     OBWS
IMG Menu     IMG Menu Path :
Financial Accounting  Financial Accounting Global Settings  Withholding Tax Withholding Tax Extended Withholding Tax s  Accounts for Withholding Tax   Accounts for Withholding Tax Define Accounts for Self-Withholding Tax
48.     On the Overview screen, make the following entries:

Accounting entries process in Fixed Asset Module

Dear all,
I don't know Accounting entries process in Fixed Asset Module. I don't know how to post accounting entries and manage fixed assets
Anyone can share me documents that is relevant to business transaction in fixed asset module.
My ID: [email protected]
Thank in advance
Minh
Edited by: Tran Binh Minh on Apr 21, 2008 5:04 AM

Hi,
Good Morning,
We are using Oracle R 12 Version 12.1.3
and the issue i m facing Corporate Book as we have not yet started Tax Book
The Addition posted period is closed, but I want to change life in Open Period Mar 12 ( latest open period).
Yes Depreciation Run for March 12.
Please help
Regards
Anant Danve
9820077180

Extended Witholding Tax

Hi,
In ECC 6.00
Can I get the following result in FB60:
Gross: Rs.1000
Witholding Tax rate: 10%
T.Code: FB60
Expenditure Dr 1000
Vendor Cr 1000
Vendor Dr 100
TDS Payable Cr 100
At present I am getting the result as when I configured GL Account(gross up offsetting a/c) in OBWU
Expenditure A/c Dr 1000
Vendor A/c Cr 1000
G/L Account(gross up offsetting a/c)Dr 100
TDS Payable A/c Cr 100
Instead of getting debit to G/L Account (gross up offsetting a/c) which is wrong, I want debit to Vendor account. Can I get it?
Kindly advise.
Aravind Boddupalli

H
The above requirement is required for the following reasons please.
1. If vendor submits bill for Rs.10,000 after certain period if I see the vendor account we can see only net value and not gross value. If we want to know the details we need to go to the details of the document.
2. Usually auditors insist on report of turnover of more than Rs.5 Lakh of vendor.
3. In case of Purchases are more than Rs.10Lakh service tax is to be deducted from vendor and paid to govt.
For the above reasons the above requirement is needed.
Aravind Boddupalli

Oracle Payables Witholding Tax Accounting Entries

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