To identify the tax type and tax code relevant for current law, tax key should be defined

and assigned to tax type and tax code combination

Define Tax key:
Need to create two different tax keys to identify a) Vendor with revenue less than 4073 UVT in last year b) Vendor with revenue greater than 4073 UVT in last year Tax key can be defined in two ways 1) Through IMG node:

a) SPRO -> SAP Reference IMG -> Financial accounting -> Financial Accounting Global Settings -> Withholding Tax -> Extended Withholding Tax -> Calculation -> Columbia -> Define withholding tax Keys b) Provide country key as ‘CO’ c) Maintain withholding tax key where key should contain string ‘UVT’ for vendor revenue less than 4073 UVT Ex: (TestUVT, UVT, 1UVT...) d) Maintain withholding tax key where key should contain string ‘UVT’ for vendor revenue greater than 4073 UVT Ex: (TestUVTC, UVTC, 1UVTC...)

2) Through View maintenance: a) b) c) d) e) Go to transaction ‘SM30’ Provide view name as ‘V_T059Z_WITHCD2’ Click on ‘Maintain’ Provide country key as ‘CO’ Maintain withholding tax keys where key should contain string ‘UVT’ or ‘UVTC’ Ex: (TestUVT, UVT, 1UVT, UVTC...)

Assign Tax key to tax type and Tax code Tax key can be assigned to tax type tax code in two ways 1) Through IMG node: a) SPRO -> SAP Reference IMG -> Financial accounting -> Financial Accounting Global Settings -> Withholding Tax -> Extended Withholding Tax -> Calculation -> Columbia -> Assign withholding Tax Keys to withholding Tax codes b) Provide country key as ‘CO’ c) Provide withholding tax key next to tax type and tax code combination .

2) Through View maintenance: a) b) c) d) e) Go to transaction ‘SM30’ Provide view name as ‘V_T059Z_CO’ Click on ‘Maintain’ Provide country key as ‘CO’ Provide withholding tax key next to tax type and tax code combination .

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