I am trying to understand how the tax overrides on IT0221 screen work.
We have a requirement where the employee belongs to say comp. code A on IT001 and has cost center A. If i need to process any adjustments using IT0221 and there is actually no charge, but for reporting on W2 purposes, i need the wage types processed on IT0221 to be now charged to a different company code. Does this mean i just enter my new Tax company say B in Tax company field under tax override on IT0221 ? When this It0221 is processed will it do taxation and report to company B?
Also, i see cost assignment field - with additional inputs available such as cost center and company code. Now for my requirement, i need to make sure the adjusted amounts are added to tax company B W2. Do i need all tax company, cost center and company code info to make this change?
Or just mentioning tax company information is enuf to report the adjustments to that company code w2? how do i validate what is reported and to which company code?
Thanks a ton,