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Dec 20, 2018 at 03:28 AM

SAP BYD- China Withholding Tax

226 Views Last edit Dec 24, 2018 at 12:24 PM 2 rev

Dear All,

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

Question :

1. How to calculate taxable income in system ? also show in supplier invoice ?

2. How to include surcharge in Supplier Invoice

Rakesh