Tax percentage
hi gurus what is tax percentage?
how to calculate it? it is compulsory?
Dear raghu ram
Yes tax is compulsory.
tax is nothing but the amount we are paying to Government from our earnings. It may be Income tax if we pay tax against our income and sales tax if we pay against the sales made.
Government has stipulated certain percentage on all these and it differs from state to state.
In SAP, tax percentage are maintained in FTXP for the combination of country of origin and tax code.
thanks
G. Lakshmipathi
Similar Messages
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UK Payroll TAX percentage of a wage type
Hi,
Could you please help me will a way of find the Tax percentage deducted for a wage type. I am running UK payroll and finding a difference in Tax deduction. Your expertise will help me to identify the issue.
Please help me in this.
Kind Regards,
Suresh GWhat exactly is your problem. UK tax is on a cumulative basis, and typically there are slabs with different rates, so it is difficult too work out a percentage for each wagetype.
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Change of Tax Percentage in Existing Billing documents
Hi,
we have created 100's of billing documents with 11% to customers. Later we realized that we should charge them 0% instead of 11%. we have even released them to accounting however we did not receive the payment yet. I made changes so that any billing docs created from today will have 0% percent but my client wants to re-issue all the previous invoices to customers with 0%. I have not worked on any of these but i have few thoughts
1) Reverse the Accounting Document and Billing document and update the condition type to 0% and re-issue the billing document
2) There is something called Invoice correction document which issues something like credit or debit memo for the changes in Billing document.
3) create a utility program to mass change all the billing documents.
4) I am not sure about this but how about issuing a credit note and then re-issue the invoice but not sure how to re-issue with the modifications in Tax Percentage
Could you please throw some expert opinions on the above or any other options of consider. Also please advise on configuration settings for any needed.
Since I have not worked on any of the four, I could not recommend my client about this but needed opinion before actually recommending.Hi,
What you said is right with respect to retrospective billiing.
In case of credit note, you are not issuing your invoice again. You are just releasing a credit note with respect to the issued invoice. Hence a reference is maintained between these two. This is the best way to follow.
Raghu -
Which table stores the Tax percentage rate of commercial invoice?
Which data base table stores the tax percentage rate of the items in a commercial invoice? Or which FM can return the tax percentage rate?
HI,
Don't post the duplicate threads for same requirement...it against to the SCN rules. Moderator can delete this thread.
Report to Moderator!!! -
Hi,
We want to prepare one report with tax code and tax percentage.In one tax code different condiiton exists.In such case is their any table in which we can get total tax.
For example Country code BE tax code DA input tax is 10% (condition type MWVS) and non.ded.input tax 10% (condition type MWVN).In such case in which table can we get total tax against tax code DA.Their are different condition types for different tax codes so cannot generalised this.
Thanks & Regards
VinayNo reply hence closing this thread.
Vinay -
Update decimal places in sales and use tax percentage rate [FTXP]
i need to update the decimal places in the tax percentage rate. i've gone through all of the tax configuration in the img several times and it is not there. have searched the internet for an answer to this, and am not finding it. need to update from four digits to the right of the decimal to five digits to the right of the decimal point.
for example, adjusting a tax rate field of 5.1234 to 5.12345, where the field will allow 5 digits.Hi,
SAP has hardcoded in the program MF82TI00 to pick only the three places after decimal. Rest will be ignored.
In case this is your legal requirement, I will suggest to rather create an OSS message with SAP.
Regards,
Gaurav -
Tax percentage and gross amount
We have a requirement (South Africa) where we have the gross amount (final selling price) and tax percentage. The net amount and tax amount has to be back calculated from the gross amount.
For example:
Gross price = 100 ZAR
Tax % = 15%
Therefore, the pricing should be as below:
Net amount = 86.96 ZAR
Tax amount = 13.04 ZAR
Gross amount = 100 ZAR
What is the best approach to handle this pricing scenario in SAP?
Is there is an option in standard SAP that can do the net amount calculation based on gross amount and tax percentage?
Thanks in advance for your help.
ShanCheck this
[Re: Tax inclusive in base price|Tax inclusive in base price;
G. Lakshmipathi -
The Table used to store the Tax Percentage
Hi,
Do U know the table that is used to store the Tax Percentage when a Sales Order is Saved. Also when a Billing is done usually the Tax Percentage will be taken from the relating Sales Order detail, does the Tax Percentage get saved in a Table at Billing Time? and what's the Table used.
Thanks
KishanHi,
i assume: tables konh and konp
Andreas -
Dear All,
Please go thru it....I have to calculate tax for PO and I have created a Tax code, can I put tax percentage for different Condition types like JMOP, JEC1, JVRD, JSEP in FTXP, so that Basic Excise duty, Ecess, Secss and Vat could be calculated....
Regards
KKhi
In that
you mainatain tax rate as per tax codes( you use one dummy tax and the one you use) then where evr you use that tax code rates will be copied irespective of material and vendor.
eg
you enter
T1 16 V0(dummy code)
Regards,
vijay -
What is the tax percentage on the Macbook Pro with Retina Display in the US
I am interested in buying the new Macbook Pro with Retina Display. I would just like to know what the tax percentage of the price is when buying in the US???
The price quoted does not include tax which is determined by the state/city where sold. There is not a Federal tax as in Europe with the VAT.
State taxes can run 3-10% or somewhere in that range. -
Hi Folks,
Is there anyway to transfer the Tax percentage details to SNC, i know we can/should maintain it manually in SNC(/SCA/52000001) but looking for some option to update it from ECC.
Since we are rolling out SNC in diffrent countries it will be difficult to maintain it manually everytime.
Regards,
VasuHI,
Fllow the below path..........
SPRO=>IMG=>FA(NEW)=>FA GOBAL SETTING=>TAX ON SALES/PURCHASE=>BASIC SETING=>CHECK CALCULATION PROCEDURE=>DEFINE CONDITION TYPES.
Here you select your condition types and check the access sequence.
I think it is help for you.
Regards,
Spradip -
Tax Percentage NOT Refresh for MWST Condition when Tax Code Change
Hi All,
I have maintained MWST condition on Purchase Order with a default value P1 (10%).
During data entry, when I attempted to overwrite the tax code to P0 (0%), under Condition tab the tax percentage still showing 10% instead of refresh the rate according to the tax code.
Is this a config error or system behaviour? Are there any SAP Note that I can apply to fix the problem?
Applied SAP Note 655335 - ME22 ME22n tax at service level - Doesn't seem to fix the problem.
Regards,
SarahHi
I think this may useful to U
Condition Type for Adding VAT
Definition
A condition type that you use to show the VAT amount in the pricing procedure in purchase orders.
Use
Customizing
Create a new condition type, ZWST, in Customizing for Materials Management (MM), by choosing Purchasing ® Conditions ® Define Price Determination Process ® Define Condition Types ® Define Condition Type.
To do so, copy condition type MWST and make the following settings:
Description: VAT Amount
Condition Class: D (Tax)
Calculation Type: A (Percentage)
Condition Category: D (Tax)
In the Changes Which Can Be Made group box, select the following checkboxes:
Item Condition
Delete
Amount/Percent
Value
Add the new condition type to the pricing procedure (in the standard system, RM0000), in Customizing for MM, by choosing Purchasing ® Conditions ® Define Price Determination Process ® Define Calculation Schema.
Create a new entry in the pricing procedure as follows:
Step: 36
Cntr (Counter): 0
CTyp (Condition Type): ZWST
Man. (Manual Entry): Select this indicator.
P (Print): S (printed in totals block)
Reqt.: 10
AltCty. (Condition Formula): 16 -
Changing the Tax Percentage with an effective rate
Hi,
We are going to have new tax percentage w.e.f. 01Jan2008. And we are having a few conditions to be maintained basing on that future tax rate. Can somebody help me in changing the tax rates effective from a future date.
Thanks & Regards,
RaghavaHi,
According to me, if you change the error to warning, it wont affect any previous postings but it will allow to extend the tax code to further future postings which is required. So i don't think so that it will affect your existing postings.
Regards,
Jigar -
Hi ,
Will any one help to find out following requirement.
Tax percentage in one tax code(tax code V1) seems to be changed in FTXP to 17.5%.If I want to check earlier tax percentage and date on which it was changed in which table I can get it.
Thanks & Regards
SAP learner.Hi,
Thanks for reply.I have following queries.
1) STA1 is structure and not table.Can you give table name.
2)You have mentioned go to Administration->Setup->Financials->Tax->Tax Types.I have search in SPRO but could not get this path.Will you please give detail path in SPRO.
Thanks & Regards
SAP learner -
Reg: tax code and tax percentage
hi all,
i have tax code, from that how can i get the tax percentage
is there any table which maintain both tax code and tax %
thanks
sureshHi,
For calculating Tax you need to look into KONV table.
Based on the pricing conditions you need to calculate the Tax percentage.
you can just go the particular transaction for which you want to calculate the tax and there you
can find the prricing conditions declared under the tax based on which you will calculate the tax.
Regards,
Raj.
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