Financial - JDE1 (MOSC)

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Withholding tax Process

edited Dec 16, 2016 4:00AM in Financial - JDE1 (MOSC) 2 commentsAnswered

Hello,

Could someone help with the below query:

As I understand, the standard Calculate Withholding tax report (R04580) performs withholding on the 'Gross Amount' (Taxable Amt + VAT) of the Voucher. So, I believe this may not work in country specific scenarios where the requirement is to calculate withholding on the 'Net Amount' (excluding VAT). Is that a correct understanding ?

If so, any specific workaround that could be implemented to achieve this ?

Wondering whether we could use the P4008 application to define negative rates and use that as a basis to record withholding.

Regards,

Santosh

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