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Former Member

Message no. FF707 for direct FI postings

Hi Knowledge

Tax amount is not calculating properly - we are in TAXINN

Example in FB60 --

Tax code M3 --With 3% -- maintained in FV11 which has access sequence MWST .

Base amount in 10,000

Tax amount should be 300 , but system is calculating as follows .

How to over come this problem .

tax.jpg (175.8 kB)
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4 Answers

  • Nov 25, 2016 at 08:26 AM

    Hi

    Maintain the setting in FB00 as shown below. It should calculate correctly

    Regards

    Sanil Bhandari

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    Former Member
    Nov 25, 2016 at 09:17 AM

    Hi Bhandari ,

    Yes , this setting is for NET amount .

    my understanding is : Example : 3% tax rate on 100 Rs

    Net is 100*3/103??

    How does it works , i guess its basis but confused because - we dont maintain the tax on the basis of Net are Base in FTXP .

    Thanks

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    • If that is the case, why are you maintaining the check box for calculating tax. You should not maintain the same. Additionally, enter the tax base amount and tax amount manually in the tax tab of MIRO or FB60. You also need to make sure that you allow tax base to be entered manually. This can be changed for your tax procedure in Table TVAT001.

      However, in my opinion and exp, this is not the best way. The best practice is to calculate tax automaticallt based on the percentage specified for the tax code. This ensures uniformity in the reporting and also if there are differences at any point of time, especially in foreign currency invoices, you will never be able to reconcile if you are entering the tax amount and base amount manually.

      Regards

      Sanil

  • Nov 25, 2016 at 01:23 PM

    What about your rounding settings in OB90?

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  • Nov 25, 2016 at 01:17 PM

    Hi,

    conclusion:

    This derivations works only
    if the gl-amounts have been entered first
    and
    the flag: calculate tax has been set
    and
    your personal settings (Tr. FB00) are: calculate tax from net amount

    regards Bernhard
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