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Former Member

w/tax

hi all,

any one plase explain difference between with holding tax type and with holding tax code.

thanku

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2 Answers

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    Former Member
    Aug 21, 2007 at 02:46 PM

    Hi,

    check this,

    In the system you use withholding tax types to represent the various

    withholding taxes in a country. You define withholding tax types in the

    following activities.

    The withholding tax type controls the essential calculation options for

    extended withholding tax, whilst the withholding tax code only controls

    the percentage rate of the withholding tax.

    You must enter the withholding tax type in the customer/vendor

    withholding tax master data and in the company code master data.

    The system recognizes two categories of withholding tax type depending

    on when the withholding tax amounts are posted:

    o Posting with invoice

    o Posting with payment

    <b>The withholding tax code</b> determines the withholding tax percentage.

    Pl. revert for clarifications.

    Regards,

    Vijay

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    Former Member
    Aug 26, 2009 at 05:07 AM

    thanku

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