Does anyone implemented China WHT in SAP BYD?
I have below scenario in China for WHT.
Supplier Invoice : 100
Taxable Income : 100 / (1 – 10% - 6%*12%) = A
CIT (Corporate income tax) 10% = A * 10%
VAT 6 % = 112.01 * 6 = A * 6%
Surcharge = (A*6%) * 12%
Dr Expense: Withholding VAT + WHCIT+ Surcharge
Cr WHCIT Payable
Cr VAT Input
Cr Surcharge Payable
1. How to calculate taxable income in system ? also show in supplier invoice ?
2. How to include surcharge in Supplier Invoice