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Rounding Off Withholding Tax Amount of Foreign Currency

Hi Friends,

While posting the withholding tax amount in Foreign Currency (USD or EUR) the system is not rounding off the withholding tax amount. My company code currency is INR.

I have also maintained Rounding off in "SPRO -> Financial Accounting (New) -> Withholding Tax -> Extended Withholding Tax -> Calculation -> Withholding Tax Type -> Define Rounding Rule for Withholding Tax Type" path for both INR and USD.

The rounding rule is also set to “Round w/tax amt up”

Still the Withholding Tax amount in Foreign currency is not working. Kindly suggest.

Thanks and Regards,

Sarvendra Singh

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  • Posted on Jan 06, 2014 at 04:49 PM

    Hi Savendra, how are you?

    So, I not passed through this situation yet, but I've been by this path in the SPRO transaction and saw that for one withholding tax have just one currency and the indication of currency is for use the currency that is management by the company code.

    You tried use just one line with the currency INR (currency management for your company code)? If not, i belive that is a good test.

    I hope that this advice can help you.

    Best Regards,

    Cassio Goulart

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