Withholding Tax Computation, Rounding Error

[Former Member]

Hi,

We are currenyty using UK localization and the withholding tax amount is rounding up. See computation below

1, Commercial Values

Taxable Amount 7,486.83

Multiply by Percentage 0.10

Should be Withholding 748.68

Per SAP 749.00

Difference (0.32)

2. Truncated

Taxable Amount 7,486.83

Multiply by Percentage 0.10

Should be Withholding Tax 748.68

Per SAP 748.00

Difference 0.68

We need the tax amount with 2 decimal places instead of the whole amount.

Regards,

Amy

[Former Member · Accepted solution]

Hi Amy,

We had similar problem in one of our customers, try using formatted search to calculate the Withholding Tax Amount. It should solve your problem.

thanks,