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author's profile photo Former Member
Former Member

Withholding Tax Amount

Good Morning Experts!

Just want to know the reason and possible for my concerns regarding Withholding Tax Amount in INV5.

Currently withholding tax amount is rounding off to whole number

Example

Taxable Amount = PHP 11,986.63

Rate = 10%

Withholding Tax Amount = PHP 1,198.00

Should be = PHP 1,198.66

To correct this, I made a formatted search for withholding tax column where withholding tax = Taxable Amount * Rate/ 100 and it worked. The problem is in INV5.WTAmnt amount still shows PHP 1,198.00 instead of PHP 1,198.66

Version SAP 2007A

Localization Australia/New Zealand

Hope to hear from you soon.

Thanks

Sandra A. Callanta

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2 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Apr 14, 2009 at 06:51 AM

    Open Administration -> Setup -> Financials -> Currencies.

    Check the 'Rounding' against the currency 'PHP'

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 14, 2009 at 09:12 AM

    Done. Tnx

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