F-04 Withholding tax calculation

[Former Member]

Dear All,

In Tcode F-04 (Transfer Posting with clearing) i am using Posting key "31" for Vendor Credit AMount.

Here, I am not able to calculate automatic withholding tax amount

Withholding tax data is already maintained in the vendor's master data.

Withholding tax calculation is possible with other Tcode like FB60...

but With F-04 it's not calculating.

How to calulate withholding tax amount.

It it something configuration problem .

Pl suggest me some solution.

Regards

Swati

[former_member207607]

Dear Swati,

please kindly take care of the note 442588.

I hope this helps You.

Mauri

[former_member795356]

For E.g

My Client wants the system to calculate Withholding Tax on purchase of Air Ticket from his Agent

Travel expenses xxxxx

Vendor - Air travel agent xxxx

Note 2 : WHT collected by the vendors on purchase of the air ticket and recorded as an asset for onwards claim from Tax Authority.

The system simulates the following accounting entry: (Payment)

Vendor XXXXXX

WHT Asset** XXXXXX

Bank XXXXXX

In This Case this entry is not Correct . It should be

Vendor XXXXXX

WHT Asset XXXXXX

Bank XXXXXX

Hope you got my requirement

Edited by: MAZ on Sep 27, 2010 3:18 PM

Edited by: MAZ on Sep 27, 2010 3:56 PM