Retention excluding VAT

Hi There,
I want to hold the retention amount excluding VAT.
Example :
Invoice amount in 1000 KRW ,
VAT 10%= 100
Retention = 15%
Requirement :
The vendor account should be credited with 950 KRW. (850 + VAT 100)
At present SAP with standard configuration, will retain 165 KRW (150 + 10% VAT) and pay the Vendor 935 KRW (850 + 10% VAT)
Best regards,
Vivek

Vic,
Are you working for construction company?
are talking about AR entry or AP entry?let me know.
Thanks,
Rau

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Report RFKOPR10 has to dispaly Net amounts, excluding VAT

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and Gross Amount (including VAT).
Now I have to diplay   Net amounts, excluding VAT.
Could you please suggest me the logic where I have to change the program and How can I modify this program.
Thanks and Regards
NTR

> Total Posts: 83
> Total Questions: 59 (44 unresolved)
You will get more and better answers if you follow up on your old posts. It would also help if you assign po1nts to helpful answer rather than just marking them as solved and adding a comment that doesn't add anything.
Rob

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HI
In witholding tax settings we have settings to to take NET amount as base.
But for the entries where VAT is manually given Withhloding tax base is not excluding VAT?we are having an entry where we are inputting VAT manually using FB60.entry would be
DrStock
DrVAT
Cr Vendor.
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Where as it is taking net amount as base correctly for the cases where VAT is automatically calculated
How is automatic calculated VAT is related to witholding tax base amt?
rgds

Hi,
This thread has been created some time ago and recieved no response. Can you please close if you feel this issue/query has been resolved in the meantime. If it has not then please provide additional information in relation to your query. By providing updates to your thread it moves you thread to the first page of thread and increases visibility and possiblity for the multiptude of experts in SDN Forums to offer their support.
Therefore please update with more information or close thread.
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Regards,
Brendan.
(ERP FI/CO SDN/WIKI Moderator)
http://wiki.sdn.sap.com/wiki/display/ERPFI/ERP+Financials

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Dear Experts,
Is there a report in SAP which can extract the customer open items with VAT amount excluded?
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You have to customize a report. There is no standard report for this.

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Dear Gurus,
Kindly enlighten me if there are any possible means to exclude the vat amount in computing the withholding tax ?
current below is our configuration for it
Sample:
Item 1 = 11,000 (I1 input tax = 12 percent)
i want the system to calculate the withholding tax based from the net amount minus the vat and if possible the credit line item
already made several testing using the same combination for this config but still fail to come out with favorable result.
Regards

Hi
We have the setting for PH country and its working fine
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Exclude one customer from VAT

Hi ,
Ours is french company.
For all French customers we are charging vat of 19.6% where as we have one customer who is in the border of France for this customer VAT is not applicable.
Still as per conditions its calculating VAT for this customer also.
Pls tell us how to exclude VAT for this customer.?
regards
Rajendar G

Hi,
This is how the tax works in SAP.
You have 2 methods of classifications for tax.
1- Customer Tax classification - By maintaining 1 or 0 in the customer master/ Billing documents tab under Tax classification section you can say whether customer is taxable or not.
     1 - if the customer is taxable
     0 - if customer is tax exempt
2- Material Tax classification - By maintaining 1 or 0 in the material master/ sales tab, under Tax classification section you can say whether material is taxable or not.
    1 - if the customer is taxable
    0 - if customer is tax exempt
Now come to VK11 condition record for that tax (Eg: VAT)
your VK11 record goes for this combination. (Format)
Customer Tax classification - Material Tax classification - Tax percentage
1 - 1 - 19.6%
1 - 0 - 0%
0 - 1 - 0%
0 - 0 - 0%
As per the above example, Customer and Material both should be taxable, in order to apply the VAT.
Now coming back to your question, what you can do it for that particular customer, maintain "0" under tax classification.
Then in VK11, maintain "0 - 1 - 0%" as well.
So that sales order won't pick 19.6%.
Thanks and best regards,
Anupa

Unable to refund VAT paid for battery replacement

Following the recent iPhone 5 batter problems announced by Apple, I called to see if I was entitled to a refund for the out-of-warranty battery replacement for my iPhone 5 which I recently paid for.
I was told that I was eligible but the refund would be for the ex-VAT price as VAT could not be refunded because (and I quote) "VAT is a government thing and we are not the government"
Seems pretty ridiculous but is there anything I can do about this?

So it turns out I had nothing to worry about; on checking my bank account they have refunded the full amount including VAT, despite what I was told on the phone.
Sorry I should have been clearer in my original post, I am a UK resident and here VAT is included in all purchases. Therefore generally a consumer is not very aware of VAT, aside from the fact that it should always be included in the price paid at the time of purchase. Therefore as a consumer, to be offered a refund excluding VAT is not something I have ever experienced before, and to me it does not make much sense.
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VAT calculation going wrong in dealer invoice

Hi All,
I am doing a dealer purchase scenario where in am giving basic price inclusive of excise in the PO and then while capturing excise invoice am changing the base value and excise duties manually in MIGO by checking MRP indicator such that sum of excise base value and excise duty is equal to PO price and similarly am changing base while doing MIRO but am still not getting the VAT correct.
for example
PO price excluding VAT - 102,490.00
VAT - 4,099.60 + 1,024.90
Excise duties = 6,394.00 + 128.00 + 64.00
In MIGO i have changed base value as 95,904.00 and captured and posted the above excise duties. In MIRO i have changed base value as 95,904.00 and selected the tax code with excise 10.3 and VAT 4+1. Excise duties are coming as in excise invoice but VAT is being calculated based on PO price + (excise duty based on the base value in Excise Invoice i.e., )
Plz suggest
Edited by: SAp321436 on Jan 12, 2011 6:16 AM

hi
what are the exicse % you have maintained in TAX CODE
it should be zero
like excise =0
cess=0
secess=0
and vat =4
vat1 =1
ASSIGN ACCOUNTS for all conditions including excise
now check
regards
kunal
now use this code

Conditional Formula for VAT on Receipts

Hello!
I’m recording receipts in a table. Therefor, I’m using different columns for two different scenarii:
E:H : input including VAT (inserting data into column F)
I:M : input excluding VAT (inserting data into column I or/and K, as some receipts contain different VATs)
For this example, I kept both cases on the same row, for demonstration purposes. In real life, I’d use either E:H or I:M, not both for the same row.
So, at present, the VAT-level of 19% or 7% is selected for:
- E:H : by the little pop-up-menu in column E, with conditional styles turning the cell to rose (7%) or blue (19%).
- I:M : by inserting the value in either column I (for 7%) or K (for 19%).
It feels like a dumpy workaround and I presume there is a more elegant alternative, probably based on a checkbox enabling
- both calculation modes (inserts either “with”(F) or “without”(I or/and K) VAT)
- inserting data in only 2 cells instead requiring 3 different columns (F, I or/and K)*
- and reducing the actual amount of columns.
*: One single cell would be perfect but there is still receipts containing 7%-items and also 19%-items – therefor 2 different cells are still required.
Is there a much smarter and sleeker alternative?
G

Hi G,
OK, I think (after about three attempts) I have the table structure determined.
Column: Contents
A: Unique ID Number for each receipt.
B: Transaction date
C: Month (calculated from B)
D: Receipt number? Supplier? (does not enter into calculations?)
E: Input column: 1+tax rate for receipts where only the tax-in total is provided.
F: Input column: Tax-in amount for this category of receipt
G: Net (tax-out) amount calculated from E & F
H: Tax (Calculated from E & F)
I: Input column: Net amount subject to 7% VAT
J: Tax on amount in I (calculated)
K: Input column: Net amount subject to 19% VAT
L: Tax on amount in K (calculated)
M: Gross (Tax-in) amount (sum of columns I-L)
N: Cumulative Tax total to this row. (sum of J,K)
M and N appear to ignore any amounts in column H.
With the conditions you describe:
---Some receipts list only gross amounts, and must have the tax extracted from them
---Gross amounts in above receipts can include tax at either 7% or 19% (but at only one rate within a single receipt)
---Some receipts contain net amounts subject to 7% VAT AND net amounts subject to 19% VAT
---Each receipt is recorded on a single line
Given those restrictions, I think you are already at the minimum number of columns. The only change needed is to include column H in the cumulative tax calculation.
The largest design issue I see is the intermixing of input and calculation columns. Separating those would reduce the likelihood of accidently destroying one or more of the formulas with an accidentally misplaced click and keystoke.
If the receipts could be reduced to each having items of only a single category from the list below, it is probably possible to reduce the number of input columns to 2: One for the receipt amount (which could be either a before tax, net amount or a tax included gross amount), and a second column containing a five item pop-up menu:
" " (single space, indicating no entry yet made
Brutto: 07%
Brutto: 19%
Netto: 07%
Netto: 19%
This would allow a set of nested IF statement to:
Suppress the calculation if the first character is a space.
Choose the formula to calcualte the tax based on the first character of the menu item.
Determine the tax rate to use in the formula from the rightmost three characters of the menu item.
And allow the Gross amount currrently in column M to be calculated from the first input column plus zero (if that was already the gross amount) or the result of the tax calculation above (if the input was a net amount).
This could also be done with a pair of checkboxes replacing the buttom four choices on the pop-up menu, and a LEN(A)<1 test to determine if an entry has been made:
Three formulas, each entered in row 2 and filled down from there.
D2: =IF(LEN(A)<1,"",IF(B,A-A/IF(C,1.19,1.07),A*IF(C,0.19,0.07)))
F2: =IF(LEN(D)<1,"",A+IF(B,0,D))
G2: =IF(LEN(D)<1,"",SUM($D$2:D2))
Regards,
Barry

Viewing invoice details net of VAT in iProcurement

When looking at invoiced amounts on Requisition details screen in iProcurement, the invoiced amounts are displayed including VAT, whereas Reqs and POs are raised net.
Does anybody know how to make that display the net value (ie. exclude VAT) so that users can compare like with like across ordered, receipted and invoiced values
Thank you

We doubt if you can have that option/features in iprocurment. In iProcument requisition details screen, you can not get the Tax break-ups under Invoice... Under Item Information you can have Tax deatails if you personalise this page.
You need check invoice details from payable side as in iProc this seems not posible to produce the net value. Raise a SR with Oracle and check with them if this is possible.
/ S.P DASH

Can you set up VAT Inclusive Freight prices in SAP?

This was originally posted on the SDK forum. I have posted here to request answers as to whether VAT Inclusive prices can be configured in SAP specifically for Freight Lines or also for general product/sales products.
I am integrating a 3rd party web site order into SAP B1. The site can only provide VAT Inclusive Prices and cannot provide the VAT rate or code - that SAP order will be loaded with the VAT rate taken from the BP / Item matrix.
This is not a problem when creating order lines as I can use the <PriceAfterVAT> element (using DI Server). However when adding Freight Lines to the B1 order there is no equivalent element. It appears that I can only add a value excluding VAT.
Is there any way of adding a VAT Inclusive values to a Freight Line (either manually or via sdk)?
Can Freight Items be set up so that the value can be entered as Vat Inclusive?
Can Price lists be set up as VAT Inclusive prices?
I would prefer not to have to caluclate and enter the VAT exlcusive price as this involves mimicing the Web Sites VAT Matrix calculation and hoping that this mimics the SAP VAT calculation and hopefully not ending up with rounding problems. Note that the Web Site has already taken payment via credit card and the invoice from SAP must match the Web Transaction.
Any help would be appreciated.
Nick
Edited by: Philip Eller on May 14, 2008 8:58 AM
Edited by: Philip Eller on May 28, 2008 8:41 AM*

Hi Nick,
Try to create the freight as a non inventory item. Create an item master data, lets say Freight. Un-tick option for "Inventory". Set the g/l for revenue just like you set in the freight setup. Set default vat code in the sales tab.
So what you have to do to input the freight is to add 1 additional item (freight) and put the price after vat like you required.
Hope it'll works
Dody

Sales Order Lines with inclusive VAT prices

I am integrating a 3rd party web site order into SAP B1. The site can only provide VAT Inclusive Prices and cannot provide the VAT rate or code - that SAP order will be loaded with the VAT rate taken from the BP / Item matrix.
This is not a problem when creating order lines as I can use the <PriceAfterVAT> element (using DI Server). However when adding Freight Lines to the B1 order there is no equivalent element. It appears that I can only add a value excluding VAT.
Is there any way of adding a VAT Inclusine value to a Freight Line?
Can Freight Items be set up so that the value can be entered as Vat Inclusive?
I would prefer not to have to caluclate and enter the VAT exlcusive price as this invovles mimicing the Web Sites VAT Matrix calculation and hoping that this mimics the SAP VAT calculation and hopefully not ending up with rounding problems. Note that the Web Site has already taken payment via credit card and the invoice from SAP must match the Web Transaction.
Any help would be appreciated.

Hi Nick,
Have you considered storing the freight costs on the order as a non-stock item on the item rows rather than using the freight lines? In that way you could use the same PriceAfterVAT field to back calculate the exclusive price.
I'd recommend you also ask your question on the application forum:
SAP Business One Application
as they may have other suggestions as to how you could set your tax up.
Kind Regards,
Owen

Buying from an EU VAT registered company

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http://forums.adobe.com/message/4396802#4396802

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Has anybody else noticed that Adobe are charging 23% VAT in the UK. We've just purchased Adobe Acrobat XI Pro and the receipt and calculations are 23% not 20%.

Hi ,
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Retention excluding VAT

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