on 09-16-2009 6:44 PM
Good Afternoon SAP Guru's
I need some help with a very basic question. I need to configure WHT and EWHT for 1099 and 1042. I am in the US. Here is the configuration I completed so far which I hope is appropriate. Please tell me if it not.
SPRO for EWHT
Maintain Country
Define Reason for Exemption
*is this needed for 1099 not withholding?
Maintain Recipient Type
Define WHT keys
Check Recipient Types
*1042 only?
WHT type for invoice posting
*created I1 for WHT type for Invoice Posting
WHT type for payment posting
*created 42 for 1042
*created ST for 1099 State
*created FE for 1099 Federal
Define Rounding Rule for WHT
*is this necessary
Assign Condition Type to WHT type
*what is this for?
My big issue is that I am confused on Tax Type and Tax Code.
I believe it is required to have 3 tax types for invoice posting and 3 for payment posting? I have 3 scenarios each. They are as mentioned earlier
1099- not withholding
1099- withholding
1042- withholding
I haven't configured 3 tax types for invoice posting, only 1 at this time.
For tax code, I struggle with the tax code field because the field is only 2 positions and therefore, how do I differentiate the different codes listed on the 1099 and 1042 on here? There are 18 codes on a 1099 and 50 on a 1042. Any suggestions?
Do I need to enter 1099 codes twice because one is exempt and the other is withholding? Or is that the reason why I need to create a exemption reason code for WHT type?
Any help would be greatly appreciated.
Thanks!
no response
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