Extended Withholding tax configuration (1)

Com page 43 of 57 click 52 define forms for

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Unformatted text preview: ram is to read the withholding tax items from (accounts payable, accounts receivable, or both). Double click www.sapficoconsultant.com Page 43 of 57 Click 5.2 Define Forms for Withholding Tax Reporting IMG à Financial Accounting à Financial Accounting Global Settings à Withholding Taxà Extended Withholding Tax à Generic Withholding Tax Reporting à Printouts à Define Forms for Withholding Tax Reporting www.sapficoconsultant.com Page 44 of 57 Here we define the Smart Forms for the printouts (for example, withholding tax certificates and withholding tax returns) that we want to create using the Generic Withholding Tax Reporting program. This can be defined as per the local reporting requirements. Use this predefined form IDWTCERT_UK_CIS23Ias a template. This forms needs to be assigned in the output group in printout 1 Smart form field. www.sapficoconsultant.com Page 45 of 57 5.3 Define Certificate Numbering for Extended Withholding Tax IMG à Financial Accounting à Financial Accounting Global Settings à Withholding Taxà Extended Withholding Tax à Generic Withholding Tax Reporting à Printouts à Define Forms for Withholding Tax Reporting Here we define the number ranges for your withholding tax certificates. We define the company code and fiscal year for each number range. This only applies to the withholding tax certificates created periodically. Update the following:- Click Click www.sapficoconsultant.com Page 46 of 57 Click Click on www.sapficoconsultant.com Page 47 of 57 6. Vendor Master Data Maintenance 6.1 Update withholding tax codes in the vendor master We assume that the vendor master is already created. We are changing the vendor master data with the withholding tax codes details. Use transaction code FK02 Update the following:- Update the following:- www.sapficoconsultant.com Page 48 of 57 Here for payment postings we only update the withholding tax type. We must not update the withholding tax code. The reason being system always automatically calculate taxes even in the case of final payment. Click on You get the following message Double click on it to display the long text www.sapficoconsultant.com Page 49 of 57 After you have changed the relevant withholding tax types, you have to adjust the open items for the current relevant withholding tax types. For new withholding tax types, new withholding tax information has to be generated and for withholding tax types that are no longer relevant, the withholding tax code must be deleted in the existing withh...
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