Us Payoll : Creation Of A New Tax Class
Hi Experts,
Has anyone earlier created a new tax class specification of PC 71 so that it is linked to some tax type.
If yes how did you handle the impact on the other tax authorities when the wagetypes are linked to this specification?
Did you create new entries for other tax authorities?
Thanks in advance
Yes we are also referring to the same and this is the actual issue we have , each tax authority has its own tax model. We have to customize (add) this new tax type in the tax models or it won't be considered ( as you have mentioned ).
But we have over 500 different tax models and we cannot be adding this new specification in each tax model , Please advise how this could be handled other than writing a rule. We are just thinking loud if there is anything that we are missing.
These wagetypes are quiet common in all tax authorities , so have to be added in all the tax models i.e. for all tax authorities.
Similar Messages
-
Us Payoll : Tax Model Changes : Creation Of A New Tax Class : Impact
Hi Experts,
Has anyone earlier created a new tax class specification of PC 71 for a wagetype so that it is taxed only for a particular tax authority , if yes how did you handle the impact on the other tax authorities ,did you create new entries ( with the new specification ) for other tax authorities as well so that the existing tax calculations happen as it is.
The issue is explained IN DETAIL below :
We have one requirement to include certain wage types X Y Z for the calculation of Transit District Excise Tax /435 in the tax authority ABC
When we checked our system, for these wage types X Y Z the corresponding tax classification is set as 0 ( Regular taxable wages ) which is linked to tax type 1 and not linked to 35 tax type , so we need to assign it to a specification which is having both 1 and 35 tax types. We can assign this to 935 which is linked to both 1 and 35 however this will impact all the wage types that are linked to 0 ( Regular taxable wages ) specification in PC 71.
Our business does not want these other wagetypes to be impacted i.e the requirement is that ONLY X Y Z wagetypes should be included in the calculation of Transit District Exercise Tax /435 for the tax authority ABC.So the option is that we have is to create a new 71 tax class specificaiton say * and assign it to these wagetypes and then create a new entry assining this * in the table T5UTM to 935 for this tax authority so that it is taxed for Transit District Excise Tax /435.
However since we are assigning a new tax class specffication to these wagetypes, there will be a impact on ALL THE OTHER tax authorities where these wagetypes X Y Z are having an old specification of 0 ( Regular taxable wages ). So we have to create newe entries with this new specification * in the table T5UTM so that the current tax calcutions are not impacted.
We have about 500 tax authoties or 500 tax models where we will have to create new entries with the new tax class specirication '" * " , so that these wagetypes are taxed as they are being taxed today, for all of the other tax authorities.
Has anyone earlier created a new tax class specirication of PC 71 , if yes how did you handle the impact on the other tax authorities ,did you create new entries for other tax authorities., which is next to being impossible as we cannot create 500 entries.
Alternatively we are looking at using the TAX MODIFIER for this requirement , please advise if anyone has used TAX MODIFIER for this kind of a requirement mentioned above. Any suggestions are most welcome.
Regards,
Vineeth
Please Dont use Caps letters
Edited by: ModeratorYes we are also referring to the same and this is the actual issue we have , each tax authority has its own tax model. We have to customize (add) this new tax type in the tax models or it won't be considered ( as you have mentioned ).
But we have over 500 different tax models and we cannot be adding this new specification in each tax model , Please advise how this could be handled other than writing a rule. We are just thinking loud if there is anything that we are missing.
These wagetypes are quiet common in all tax authorities , so have to be added in all the tax models i.e. for all tax authorities. -
GWG assets values less 1000 Euros, new tax germany 2008
Hi,
is there anyone in the space, who solve the low value problem for GWG assets with a value greater 150 and less 1000 Euros for the year 2008?
Heomz-JürgenHi,
we followed the instructions in SAP note 1082378:
- creation of a new asset class for low value assets
- creation of a new depreciation key (linear, 20% over 5 Years)
and used the proposed values for the different valuation methods.
The result for the cumulated depreciations of every of the 5 years was correct, but the value was evenly spread over all periods of the fiscal year (fiscal year variant K4). We need a depreciation only once in the last period of the FY.
We tried to adapt the procedure described in note 1082378 (change of differnt parameters of the valuation methods), but the result was always wrong.
Do you have any idea to fix this problem?
Thanks and best regards
Klaus -
New Tax Code Creation with CST and Service Tax
Hi
I want to know the complete procedure of new tax code creation with CST and Service Tax. I want to know the steps for calculation of % of that Tax Code.
Kindly help me out.
Thanks
Kshipra GHi Expert,
Before creating a Tax Code, Create two Condition Types(T-Code: OBYZ) for CST and Service Tax, which need to Select the below Items
Cond. class - D - Taxes
Calculat.type - A - Percentage
Cond.category - D - Tax
and while creating a Tax Procedure just select the Condition Type of CST and Service Tax and provide the Account Key for both Condition Types.
Assign the GL Accounts to the Account Keys in T-Code: OB40.
Create a Tax Code in T-Code: FTXP, which is to be assigned in T-Code: FV11.
Maintain the percentage in T-Code: FV11, with your Key Combination and
Try this procedure, which will help you...
Regards,
GK
SAP -
Request for the creation of a new Unemployment account for tax
Hi Guys,
This is a question with regard to US tax. We have received a request for the creation of a new Unemployment account for the payment of taxes. This is because the account assignment number has changed for a particular company code in Tennassee state. Please let me know where this change could be made in SAP.
Thanks,
SubbaiahSubbaiah,
Table T5UTL is used for New Tax Company Codes. If this is a new legal entity, youu2019ll need to set up the Tax Company here. Youu2019ll also need to assign at least one Personnel Area to this new Tax Company. This must be established in order to update the next table shown below, but only if itu2019s a new legal entity. The user will know.
Table T5UTH is for establishing the account number to be used in BSI. It must be established in order to update the next table shown below.
Table T5UTI is for assigning account numbers by Tax Company Code. Youu2019ll need one for Tax Authority TN, Tax Type 10. The user will need to supply this information to you.
Table BTXRATE will need to be updated with the Tax Company Code, year, and the State Unemployment Insurance rate & taxable wage amount.
Once this is done, youu2019ll need to update BSI.
If Tennessee is a new state, youu2019ll have work to do with the tax models.
Regards,
Howard -
Hi,
I have a requirement for creation of new tax codes. I have created new tax codes in FTXP and assigned G/L accounts in OB40. This part is clear for me.
Now my questions are as under.
1. Where do i restrict the validity date for old tax codes and validity date for new tax codes.
2 What needs to be updated in terms of condition records
3 Is there anything needs tobe update in info records for MM.
Regards
KrishnaUnless you use jurisdiction codes, and no external tax system, for
example with tax procedure TAXUSJ, there is no validity dates for the
condition records. You can see this differnce by comparing the tables
A003 without jurisdiction codes and A053 with jurisdiction codes. A053
contains the extra fields DATBI (key field) and DATAB. This is the
standard functionality.
Please have a look at the following part of note 418582:
" Changing past percentage rates has to be inhibited in order to avoid
database inconsistencies. For this reason, the functions which allow you
to transport time-dependent tax codes with percentage rates from the
past are not supported." -
New Tax code Creation for CST(Condition type
Hi Friends,
I am facing an issue during creation of new Tax-code for CST; condition type JIN1. After defining the tax percentage; system is picking an automatic G/L account, which is a grey field and can't be editable. We need to change G/L account and need to assign a new one.
Can you please tell us how can we remove the default assigned and non-editable G/L account.
Your support is appreciable.
Rgds, Krishan Raheja.Hi Krishnan,
Use transaction OB40, here double click on the Account Key (you can check this account key assigned to condition type in OBQ3 and also in FTXP screen) that is mapped to condition type JIN1 and enter your chart of accounts. Now change the G/L account you want.
Regards,
Chintan Joshi. -
New tax code creation and pricing procedure for Sri Lanka
Hi,
I have one company code in India..Now I have requirement to create new plant under different company code in Sri Lanka.
Can anybody tell which tax pricing procedure is to be defined for Sri Lanka and what are different steps involved in the creation of new tax code for Sri Lanka.
Thanks & Regards
Sunil SinghHi Mr. Biju,
Thanks for reply...
Enterprise structure has already been decided. Everything we have copied from India for Sri Lanka and working fine except below error.
As I have already mentioned that I have copied tax pricing procedure for Sri Lanka from Taxinn then assigned to country code LK (Sri Lanka). I have created new tax code for LK (Sri Lanka) in FTXP then I have assigned the tax code with company code in SPRO Logestic General--- Basic settings.
After completeing this config, system is showing error" tax code is not defined to company code" in MIRO.
Please suggest...
Thanks & Regards
Sunil Singh -
Hi
I want to create a new Tax Structure of Tax Code for - Vat 14% on 75% Inventorised + S.T. 10.3% on 100% Inventorised.
Can you help me out the configuration steps.
Thanks in advance.
Regards
Kshipra GHi,
Create Calculation Procedure :
Path :Financial Accounting (New)>Financial Accounting Global Settings (New)>Tax on Sales/Purchases>Basic Settings>Check Calculation Procedure T.code:OBYZ
Assign Country to Calculation Procedure :
Path :Financial Accounting (New)>Financial Accounting Global Settings (New)>Tax on Sales/Purchases>Basic Settings>Assign Country to Calculation Procedure T.code: OBBG
Define Tax Codes for Sales and Purchases :
Path :Financial Accounting (New)>Financial Accounting Global Settings (New)>Tax onSales/Purchases-->Calculation->Define Tax Codes for Sales and Purchases T.code : FTXP
Define Tax Accounts :
Path:Financial Accounting (New)>Financial Accounting Global Settings (New)>TaxonSales/Purchases>Posting>Define Tax Accounts T.code : OB40
Create Tax Conditions and Tax percentage : T.code FV11
Thanks,
Raviteja -
New tax code creation and assign..?
Hi gurus
Can anybody explain me how to create new tax structure and were to assign or configure the same tax tax structure For purchasing ..
For example,
service tax structure 12%ecess2%hsecess1% + vat4%..
Pls guide me ..
Thanks
sap-mmhi
1. Define new Condition Types by copying from the existing Condition Types OBYZ
2. Define new Account Keys by copying from the existing Account Keys
(Go to spro-> MM -> purchasng ->condition->define price determination process->define transaction and Event key)
3.go to ur tax procedure and add new condition with account key (acct key will be ur defined acct key) OBYZ
4 define tax account to ur account key OB40
5 create tax code FTXP
then
for taxinn process
cretate tax code with out values
then maintain FV11 for condition type in combination of vendor material and tax code
for taxinj
maintain rates in ftxp
reward if useful
regards
kunal -
New tax code configuration in FTXP
Hi,
Can anyone help me in creation of new sales tax code. We have already existing tax codes like P1, P2 etc., Now we want to create P3. How should we create? Can i copy from P1 to P3 in FTXP? Apart from these, is there anything needs to be configured?
Once, will it be created can i post the invoice and capture the tax based on defined tax rate?
Please help..
Thanks
Deepak
Moderator: Please, search SDN. Yes, you can copy the tax and update the rates, if requiredHi RaviRaj,
1. "User will choose" -
This "choosing" is done by with the help of Tax Classification concept.
E.g.
TClass. Mat , TClass Cust., VAT %
1, 1, 1-12%
1, 2, 2-4%
etc.
The above is done via condition record settings (+ creation of tax codes with respective values).
In essence, first business gives their tax requirements & then that is inputted in the system & then with respective MMR, CMR, SAP automatically gives you the selected value for condition type.
2. Manually choose -
In VA01 / 02, User can change the Tax classification for both CMR (on header level) and MMR (on item level) to get different values for the tax cond type.
But first various tax code (with values) have to be created. In your original post you have mentioned only one tax code with 14%.
In VK12 required information has to be maintained.
3. (NOT recommended, but an option) The users can have a paper with a table consisting of Tax Class MMR, Tax Class CMR & corresponding VAT values; and then go ahead with step 2 and get the required VAT values. Populating all the vat values in Sales order, Tab conditions shall create lot of lines that are not required (e.g. vat 1- 12 %, vat2- 4 %, vat 7- 14 %)
4. My suggestion to you is - read the theory of Tax Classification & calculation of Tax %; things shall get clearer. & think if the business has set rules for example M-1 with VAT 7 is tax exempt then avail SAP for calculation rather than user done calculations;
Edited by: Typewriter on Jul 4, 2011 12:56 PM -
Transfer of existing assets to new asset class
Hello Experts,
We are working in a one-year old implementation of SAP ECC 6.0. A need has raised which is forcing us to transfer an asset with some Depreciation areas (we are currently working with ten areas between Real Depreciation Areas and Derived Depreciation Areas) to a new asset belonging to a new asset class with fewer areas.
We created the new Asset Class and tested in the quality environment using transaction ABUMN. An example was transferring an asset with two months of depreciation already posted and transferring this one to the new asset at the beginning of the next month.
The main issue is that we desire that the original asset keeps posting depreciation for the areas that are not transferred. Unfortunately, in our tests in the quality environment we have not accomplished this, what the system does is transfer the values to the new asset and then when you run transaction AFAB the new asset does post depreciation in the fewer areas that the Asset Class it is assigned to has but the original asset does not post any depreciation in any area.
We tried maintaining the Transaction Types for Transfers that were used by the system by deselecting the 'Deactivate fixed asset' but it did not work and then we tried creating our own Transaction Types but this also was of no use.
Hope you can shed some light into the issue!Dear Sankar,
Thanks for such a quick reply. I have already considered that (SAP forcing you to transfer the whole asset) as a possibility. Unfortunately, as I have already mentioned here at our implementation we need something like this to happen.
Let me elaborate. For the fiscal Depreciation Areas we are required to keep the original information on the asset so that the depreciation that is calculated does not change but conversely for the other areas we desire to change the depreciation that is calculated and posted (for example, some assets will suffer a change in the useful life others might merge into one big asset, etc.) but what we definitely need is to keep the original information in the fiscal areas so we can keep reporting that and therefore can keep paying the correct amount to our local tax authorities.
As I mentioned before I have already considered that as an option. So what we thought was duplicating the assets (through a mass charge of all our assets with the current values), then transferring the 'clones' to assets with fewer Depreciation Areas (we will eliminate the Fiscal Areas since this new assets will be only useful for the non-fiscal depreciation calculation which is the one that will change).
To sum up: the clones will not generate depreciation because when transferred they will be worthless. The assets they were transferred to will generate the non fiscal depreciation.
And finally on the original assets we will deactivate the non-fiscal Depreciation Areas so that these assets continue to calculate the fiscal depreciation.
I would really appreciate your opinion on this strategy or if you think it is a bad or incorrect strategy I would appreciate even more an advise on this matter.
PS. a little doubt now also strikes me: what is the "Deactivate Fixed Asset" in the Transaction Type definition for? -
Pricing date control for new tax code rate
Hi All
I have changed the tax code rate , now have few old POs where I want to capture tax as per the new rate. But PO was picking up old tax rate as pricing date was coming as the PO creation date.
Now I changed the pricing date in PO to current date. But still tax condition is showing old pricing date and hence old rate is picking up.
Can anyone help in capturing new tax rate for an old PO.
Regds
MuktaHi
This Program doesn't give option to enter tax code for different line items of PO.
My PO is having multiple line items and I have to change new tax code for each line item.
Different tax rates are applicable for each line item material.
Can you please let me know how this can be happened. I changed it manually as well, but where partial GRN done , it is capturing the old tax code only inspite have changed new tax code in the particular line item.
Regards
Mukta -
Dear friends,
User requirement is to create new tax code,requirement is-
Cond.type
Bed. 5% ?
Cess 0.125% ?
Ecess 2% ?
Secs 1% ?
Cst 1% ?
1. I have created a new tax code in FTXP-IN
2. I have assign with co.code
3.In FV11 can you tell me step by step how to do ? and what is condition type and which cond type shall i give ?plz xplain me cond type funda also
Thanks in Advance !!Hi,
In obq1 you create condition type for your steps on which you calculate your BED, Cess, Ecess, Secs, Cst.
For BED,
Suppose create Condition type name JMIP:
Access Seq : JTAX
Cond. class:D
Calc. Type : A
Cond category
Item Condition : Check
For Cess and ECess and Secs :
Access Seq : JTAX
Cond. class:D
Calculation Type :A
Cond category
Item Condition :Checked
For CST:
Access Seq : JST1
Cond. class:D
Calculation Type :A
Cond category
Item Condition : checked
Maintain Condition record for these Condition type.
Regards
Arun -
How Create new Tax code in Purchase order
Dear Sir,
I have creat new tax code in Purchase order
Basic value 3976876.53
Ex Duty 10% 397687.6525
edu.cess 2% 7953.75305
s&h Edu.cess 1% 3976.876525
Toatal 4386494.81
CST 1% 43864.94807
Addition 12550.00
i have all ready tax code 1021+5vatHi Sneha Patel
Case1:
If tax is applicable on the freight charges then create a Z condition in (Tocde M/06) and assign it in ur pricing procedure (Tocde M/08) before the net value is calculated in ur pricing procedure so that it is taken for tax calculation.
Case2:
If tax is not applicable on the freight charges then create a Z condition in (Tocde M/06) and assign it in ur pricing procedure (Tocde M/08) after the net value is calculated in ur pricing procedure so that it is not taken for tax calculation.
For both the conditions select
Cond. class A Discount or surcharge
Calculat.type B Fixed amount
Cond.category B Delivery costs
Also mark as a header or item condition with accruals checked.
If u are not sure then copy FRA1 condition in STD and change Calculat.type as B Fixed amount instead of % in FRA1 so that u can enter the amount directly in PO.
Also mark these conditions as manual in ur pricing procedure so that these can be entered manuall in PO if reqd.
While creating PO u can select the reqd condition (with or without tax) under conditions tab and enter the amount.
hope it clears ur issue
Chk and revert
Reg
Raja
Maybe you are looking for
-
Hi there, I am trying to connect my zen player to TV using Sony RCA (AV) cables. and when I do that, I get a message on Zen's screen as "switching to AV out display" or something... and then nothing comes up on TV's screen. I tried switching between
-
I'm sending an ASCII file back to the client using the following method: private void sendFile(String fullFilePath, HttpServletResponse res) { if(fullFilePath!=null) { try { res.setContentType("application/text/plain"); //this will be an unknown type
-
I need MainStage to NOT respond to buttons on my kybd controller.
I have a Roland A-37 with lots of parameter buttons. Sometimes a button gets accidentally pushed, and it either changes my patch or maxes out my volume on the channel strips. It's a whole lot of trouble to disable every button on my controller, and I
-
I got error 3295 when doing software update to 4.3.4 on my iphone4.. can some one tell me how skip this error?? I'm new to apple products..!
-
Restricting SM30 via auth. groups, any flaws in thinking?
Hi, I got a request to assign SM30 to a role as table J_1IEWT_ACKN_N needs to be maintained monthly. I checked an earlier thread regarding this table, and in this case maintaining table in DEV + transport is also not accepted. This role also includes