Withholding Tax - Accumulation per day?
Hi guys,
I´m configuring a Withholding Tax Type for payment posting and I need that the accumulation type off this tax be per day.
I know that the configuration´s possibilities are:
Per Calendar Year
Per quarter
Per month
Per Year, Starting with Month __
So I don´t know if there is a standart possibility to do the accumulation per day.
For exemple: Only if a sum of payments to a vendor exceeds $10,00 in a day, the Withholding Tax must be taken into account.
Please, Anyone can help me?
Dear,
You can have accumulation for minimum one month and maximum one year....it is not possible to be done per day......not at all
Regards,
Chintan Joshi
Similar Messages
-
Withholding Tax accumulation on monthly and per year basis
Hi,
one of client's requirement is they need to deduct TDS when the amount reaches 50,000 per month or 500,000 per month. In standard we can only give one accumulation type in withholding tax type definition, either per month or per year and also in min base amount there is only one field.
Is there any user exit available for this??
Can anyone please help me solve this issue.
Thanks & Regards,
JyotiHI Jyothi,
above funtionality is not possible is Standard SAP.
Only one Accumulation is possible.
As per my knowledge there is no user-exit also.
Reg
Madhu M -
FB99 check archiving status - Withholding tax life (455 days) not reached
Hi to all,
We are in process of archiving SAP data.
Requirement: There are 2 company codes in one production client and we want both company codes to be separated as independent clients. So we are archiving one of the company codes in existing client.
Since we want separate clients & require only one company code data in each client, we want to archive all the documents as on date.
I am archiving FI documents through Archiving Object FI_DOCUMNT in SARA transaction. Before archiving we have to clear all open items for the FI documents, for that am checking document archiving status through FB99.I am getting following message for one of the line item
u2018Withholding tax life (455 days) not reached u201C.
I have set document life (OBR8) and account type life (OBR7) form 9999 to 1 day.
Regards
GovindHi Govind,
The document life and acount type life is not the same as the withholding tax life. The witholding tax life is country-specific and cannot be overridden. I do not believe there is a way around this.
Best Regards,
Karin Tillotson -
Dear Fi experts,
Below is the revised TDS rate.
*section----194C*
*nature of payment----payment to contractors*
*existing threshold limit for payment------- 20,000 (single)*
*revised threshold limit for payment-------30,000 (single) & 75,000 (overall)*
*if i configure tax type with yearly accumulation & maintain base amount as 75000 then system is deducting tax only if the total amount in one year exceed 75000.
but with the same configuration how can i get the tax calculated with a single invoice amount exceeding Rs 30000.*
please suggest
regards
deepakthank you so much for your response.
but i have mentioned 75000 there, so system is taking 2 things into consideration, 1st the yearly accumulation i have marked in tax type & 2nd the limit i have set here, then it is calculating the tax if we post more than 75000 in one year but not calculating if a single invoice amt exceeds 30000.
we want to deduct tds if single invoice amount exceeds 30000 or if the total amount is more than 75000 in one fiscal year.
how to configure that...
waiting -
Withholding tax and installment payments
Hi Gurus!!
When we posted a vendor invoice with payment terms as installment payments in 4 times, but the withholding tax is not calculated from the last installment.
In our country the tax must be paid in the full of invoice.
Itu2019s possible customizing this?
Document sample:
PK Amount
40 - Vendor .............................400.00
31 - Line item 1.........................100.00-
31 - Line item 2.........................100.00-
31 - Line item 3...........................67.00-
31 - Line item 4.........................100.00-
50 - Withholding tax - INSS ........33.00-
The correct is (400x 11%) = 44.00, but the sap calculated (300x11%).
The following information below from the current customizing:
IMG => Finacial Accounting => Withhoding tax => calculation => tihholding tax type => define withholding tax type for invoice posting
Customizing: Base amount as "Gross amount", set indicator "post w/tax amount, set indicator
accumulation type per month and set indicator withholding tax accumulation period to one month.
IMG => Finacial Accounting => Withhoding tax => calculation => whithholding tax type => define withholding tax codes
Customizing: Percentage subject to tax = 100% and Calculation = 11,0000%
Best Regards.
DelfinHi,
Have you defined any threshold limit for the w.h.tax code in define formulas for calculating w.h.tax or define min/max amounts for w.h.tax codes? Please check and let me know.
Regards,
Mukthar -
Withholding tax type configuration
Hi
In withholding tax type configuration if we select the "Per year,starting with month" check box and then if we configure for minimum base value for computation of TDS.
Then it is throughing error during TDS challan updation.
Kindly clarify
Cheers
V.KrishnanIf you set this indicator, the withholding tax accumulation period is set for one year; however you have to define the start of the accumulation year by specifying a month.
-
Payment order are not defined for extended withholding tax
Hi Gurus,
Would you please help me with the message below. It appears on F110 when I try to pay a vendor open item with extended withholding tax:
Message FZ626 -Payment orders are not defined for extended withholding tax
In my company payment orders are created in F110 for accounts payable, as we use another ERP system (Baan) to perform the local accounts payments, and now I've just activated Extended withholding tax functionality With accumulation (necessary in Brazil) but I get this error.
Is it not possible to user payment order with extended withholding tax + accumulation? I find it hard to believe...
I've tried to unflag the payment order only for the payment method I'm using in FBZP t.code, but then no payment order were created but instead a payment document were posted with the withholding tax accumulation, but this is not the way we are working, and nothing is sent to Baan
any help is welcomeThe payment method "Y" the option "payment order only" was marked?
For a withholding tax type with accumulation in a company code with extended withholding tax payment
methods that create only payment orders can´t be used. Payment orders can only be created only if there are
no tax types with accumulation involved in the paid items of the payment run.
The functionality extended withholding tax works fine for Brazil
however, you can´t use the payment order with this functionality.
Please, review your customizing for payment method 'Y" in transaction
FBZP.
Best regards,
Leonardo Vedovelli
FI Support Engineer
SAP Active Global Support -
Withholding tax incase if Vendor is Supplier as well as Service provider...
Hi,
We have a Vendor who provides Services as well as material. Incase of Service, system is calculating the requried Withholding tax as per the assignment in the Vendor master. But incase if same Vendor is providing the Material, then also system is calculating the Withholding tax during based on the details in Vendor master.
Is there any way that system should only calculate withholding tax if Vendor provides services and should not calculate it incase if he provides Materials.
Thanks for the help....
BR,
ShreeHi,
I have checked the User exit MRM_WT_SPLIT_UPDATE and inside the program we have an option to change or delete the tax code. But when we are coming back or proceeding further, it is getting refesh and again reflecting the same Withholding tax codes at header level.
Can anybody suggest the option or do we have any other User exist which can delete the With holding tax code at header level during MIRO posting.
Regards,
Shree.
Edited by: Shree Ja on Feb 25, 2011 1:12 PM
Edited by: Shree Ja on Feb 25, 2011 1:12 PM -
Different fiscal year for extended withholding tax
Hi All SAP Gurus,
I have configured the extended withholding tax as per the Indian requirement.But I am unable to meet the following to requirement as per client's need.Can anybody help me out please?
1) My client is following Calander year ( Jan to Dec.) for Global ledger and it is assinged to Company code Global setting.For Local reporting in India, we are using Non-leading ledger L1 and fiscal year V3 ( April to march) is assignd to it.Now the problem comes when we perform the TDS process.
a) We assigned the number range etc. for Internal challan number and TDS certificate.When we run J1INCHLN and J1INCERT, system is picking the number as per the calalnder year and not as per the April to march fiscal yearThis creates problem for the priod of next year (say jan to march 2010).Can anybody worked on such a senario. Please help me out.
b) Second requirement is client wants lower rate deduction of TDS. I really don,t know much but I wonder that how we can set lower rate deducation in SAP as it is linked to the total Invoice amount and from and to period. I could not find anything in the vendor master where we can assign period as well as total turnover amount for lower dedcution.
Please helpme out.
Thnaks in advance.Hi, Ekta
For lower deduction of Tax you will have to do the following Config:
1.In SPRO Extended WTD --> Basic Settings --> Define Reasons for Exemption:
Reason for exemption
Indicator used to classify different types of exemption from liability
to a particular withholding tax.
Enter Text field such as Concessional Rate of Vendor Name
2.Extended WTD --> Calculation --> India --> Settings for Annual Returns --> Assign Exemption Reasons to Withholding Tax Codes:
Mantain Country, WTH Tax Type, WTH Tax, Exemption reason creatd above.
3. In the vendor Master enter the following details:
Exemtion Number - Certificate no. recd.from Income Tax dept.specifying reduced rate of TDS
Exemption % : 25
Exemption Reason: One created by you.
Exemption From Date:
Exe,ption To Date:
This should resolve part of your issue.
Thank You. -
Message FZ626 -Payment orders are not defined for extended withholding tax
Hi Gurus,
Would you please help me with the message below:
Message FZ626 -Payment orders are not defined for extended withholding tax
In my company payment orders are created in F110 for accounts payable, as we use another ERP system (Baan) to perform the local accounts payments, and now I've just activated Extended withholding tax functionality With accumulation (necessary in Brazil) but I get this error.
Is it not possible to user payment order with extended withholding tax + accumulation? I find it hard to believe...
I've tried to unflag the payment order only for the payment method I'm using in FBZP t.code, but then no payment order were created but instead a payment document were posted with the withholding tax accumulation, but this is not the way we are working, and nothing is sent to Baan
any help is welcome !
TREAD LOCKED SINCE IT IS DUPLICATED FROM THREAD payment order are not defined for extended withholding taxHi,
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. -
Changes in withholding tax salb
Hi expert,
When I create payment to vendor via F-53 tcode, withholding tax automatically deduct in this payament. There is some changes in withholding tax slab of 2008-09 year. How can I find the tax code and source code to change the slab?
it urgent please.
Syed Tayab ShahHi Syed,
You can change the base amount for calculating and posting the withholding tax amount per tax type wise as well as tax code wise as below.
IMG/Financial Accounting/Financial Accounting Global Settings/Withholding Tax/Extended Withholding Tax/Calculation/Minimum and Maximum Amounts/Define Min/Max Amounts for withholding Tax Codes
Plz assign the good points
Thanx,
Edu -
Can anyone tell how can we find for which company codes in ECC the classic withholding tax is paid or for which company codes the classic withholding tax is active? Is there any config settings similar to extended withholding tax available which shows for which company codes classic withholding tax is active?
Pete,
There's no step to assign co. codes to classic WHT. All you have to do is to maintain countries where WHT will be applicable (IMG path: Fin. Actg. --> Fin. Accts. Global Settings --> Withholding Tax --> Withholding Tax --> Basic Settings --> Maintain Countries) and create WHT code types for countries (IMG path: Fin. Actg. --> Fin. Accts. Global Settings --> Withholding Tax --> Withholding Tax --> Calculation --> Maintain Tax Codes).
SAP documentation says:
The SAP R/3 System provides you with two procedures for processing withholding tax:
"Standard" and extended withholding tax.
"Standard" withholding tax is the procedure that has always been supported by the system. It offers you the following features:
- Withholding tax for accounts payable
- Withholding tax calculation during payment
- Withholding tax code per vendor line item
Extended withholding tax provides the following additional features:
- Multiple withholding taxes per customer or vendor line item
- Withholding tax calculation for partial payments
- Enhancements in withholding tax calculation
- Withholding tax calculation during invoice entry and during payment
Clearly, there's no explicit step to assign co. codes to classic WHT,while there's an explicit step to activate extended WHT functionality at co. code level.
Rgds,
Gulshan -
Explain withholding tax partial pament configuration steps in sap
Hi,
This ramu .explain withholding tax partial pament configuration steps in sap .Hi,
Please follow the steps for tds-partial payments
In the following activities you make the settings for withholding tax. (SPRO-F.AC(NEW)-F.AC.GLBSETTINGS-WITHHOLDINGTAX-EXTENDED WITHOLDING TAX.
The SAP R/3 System provides you with two procedures for processing withholding tax:
"Standard" and extended withholding tax.
"Standard" withholding tax is the procedure that has always been supported by the system. It offers you the following features:
Withholding tax for accounts payable
Withholding tax calculation during payment
Withholding tax code per vendor line item
Extended withholding tax provides the following additional features:
Multiple withholding taxes per customer or vendor line item
Withholding tax calculation for partial payments
Enhancements in withholding tax calculation
Withholding tax calculation during invoice entry and during payment
Regards
Sridharshetty -
Classic and Extended Withholding tax
Hi,
Can anybody explain me what is the differance between classic and extended withholding tax.
Rds,
javedHi
Text from SAP documentation
SAP provides you with two procedures for processing withholding tax:
"Standard" and extended withholding tax.
"Standard" withholding tax is the procedure that has always been supported by the system. It offers you the following features:
Withholding tax for accounts payable
Withholding tax calculation during payment
Withholding tax code per vendor line item
Extended withholding tax provides the following additional features:
Multiple withholding taxes per customer or vendor line item
Withholding tax calculation for partial payments
Thank You, -
Defination of Classic and Extended Withholding Tax
Hi Gurus,
Can anyone please explain the defination and exact use of Classic and Extended Withholding Tax difference.
Thanks in advance.
Regards,
Dev Mahendrahello,
"Standard" withholding tax is the procedure that has always been supported by the system. It offers you the following features:
Withholding tax for accounts payable
Withholding tax calculation during payment
Withholding tax code per vendor line item
Extended withholding tax provides the following additional features:
Multiple withholding taxes per customer or vendor line item
Withholding tax calculation for partial payments
Regards,
Sankar
Maybe you are looking for
-
I have ad Apple ID on my iPad , when I use the apple on my iPhone for the first time, I put in my Apple ID for the iPad, didn't work. Need to create a new one. Why? How can I just use my iPad ID on my iPhone?
-
I have an old iBook Power PC G3 that I would like to recycle. However, many years ago I dropped it and the logic board was damaged. It will boot up for a couple of seconds, then go to sleep or shut down. I can't tell. I think I may have some infor
-
all of my email outgoing and incoming information has been wiped out since last update on my computer
-
Can't drag and drop song from iTunes to playlist on iPod Nano.
I downloaded iTunes to my new laptop. Authorized the laptop. Purchased a new song, but Itunes won't allow me to drag and drop the song to one of my established playlists on my iPod Nano. I keep getting the red circle with a line running through it
-
WEB-INF/classes not searched?
I am developing an Struts application. During development I just want to have my Actions and all other files in the projects package strukture, so I compile the classes to the WEB-INF/classes directory and ends up with a structure like WEB-INF/classe