Vendor Master data for WHT

[Former Member]

Hi

I have requirement where in one tax type would be used for multple codes

example:

w1 is the type

A1 is the code

A2 is the code

A3 is the code

and I need to asgin each code to the W1 type.

When i do the same, its says An entry with this withholding tax type already exist.. can you please guide to resolve this

[Former Member]

Hi,

Withholding tax type defines the different withholding tax categories that exist in a country. Tax type controls all the options for withholding taxes such as Base amount (Net, Gross etc), Rounding rules etc., accumulation type (monthly, quarterly etc) while Tax code controls the percentage.

Also, multiple tax codes cannot be assigned to same tax type in a business transactions (such as in vendor master), multiple tax types must be created for such scenarios.

Regards

arul