Withholding tax for foreign company outside of the U.S.?
Dear all,
We are a group of people who are going to develop apps for the applestore.
We are going to form a "company" outside of America, most likely in B.V.I.
Although we have looked through some discussions about developer program, still kind of confusing about the actual regulation.
We have seen many different answers time to time, so we decide to ask the ALMIGHTY YOU for the newest version.
1.Does a FOREIGN company developer(outside of the U.S.) needs to pay the withholding tax to the U.S. or to the country where the company is located or none at all?
2. "If" we need to pay the withholding tax to the U.S. no matter where the company locates, how much will it be?
3 .Which forms and applications do we need to fill out and provide to Apple as a foreign company developer outside of the U.S.?
These questions might be asked many times already, please help us to clear our mind.
We truly appreciate!!
1.) Where the company is located
2.) See #1
3.) Depends on your country
If you want the 'newest version' for this information, this is the last place to use. Apple won't comment here...always go directly to Apple with such questions.
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Hi
Withholding tax is calculated and posted to the appropriate withholding tax accounts at different stages, depending on the legal requirements in each country. As a rule, withholding tax is posted at the same time that the payment is posted, in other words the outgoing payment (Accounts Payable) or incoming payment (Accounts Receivable), is reduced by the withholding tax amount.
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9. Define A/C for Ex. Withholding tax (DBWW)
10. Make changes in Vendor master (XK02)
11. Maintain Company Code Settings:
Path: IMG -> Logistic -> General -> Taxes on goods movement -> India -> Maintain company code settings
12. Activate country version for specific fiscal year position
Path: IMG -> FA -> -> **** -> Taxes on sales purchases -> Basic Setting -> India -> Activate country specific for fiscal year position
http://help.sap.com/saphelp_erp2005/helpdata/en/e5/0780914acd11d182b90000e829fbfe/content.htm
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Yes, I forget to mentioned in my previous email, I have done the following in the customer master:
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I have defined Withholding tax for my customers.When I try to create the A/R Invoices through Doc.Generation Wizard,the system is giving the error message-'Withholding tax is missing.'But I am unable to assign any W/Holding tax in the delivery.Can somebody give suggestions?
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I'm facing the problem that the bank doesn't pay the total interests, they will deduct the withholding tax amount.
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Shan1242Dear Shan
I have also gone through some notes on withholding tax including help menu. What I said earlier holds good. I dont think in India, withholding tax is applicable to customers. May be it is applicable to customers in United Kingdom as indicated in the link. Please go thru.
[Classic Withholding Tax|http://help.sap.com/saphelp_46c/helpdata/en/e5/0780914acd11d182b90000e829fbfe/frameset.htm]
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