Hello Friends,
We've created Code (at the time of Payment) for BR Country. I've posted invoice for 4500 and am expecting WHT amount to be 376.34 (Calc below) at the time of Payment.
(1,903.38*0/100 + 2,826.65-1,903.98*7.5/100 + 3,751.05-2,826.65*15/100 + 4,500-3,751.05*22.5/100)
(SAP Note 314204: Withholding tax calculation with formula)
But system has given me another Tax amount 1,237.50. Can you pls provide your inputs on this issue.
Percentage Subject To Tax Posting Indicator WTH Tax Rate WTH Tax Rate Fraction WTH Tax Form 100% 1 0% X "To" base amnt for w/tax calculat. Withholding tax rate RedRt Reduc.base amt Dec.red.bse amt 1,903.98 0.00 0.0000 0.00 0.00 2,826.65 7.50 0.0000 1,903.98 142.80 3,751.05 15.00 0.0000 2,826.65 354.80 4,664.68 22.50 0.0000 3,751.05 636.13 9,999,999.99 27.50 0.0000 4,664.68 869.36 Minimum w/tax amount Maximum w/tax amount Minimum w/tax base amount W/tax base exemption amount 10% 0 0% 758.36Thank You.