Withholding Tax Configuration In Sap Sap Concept Hub WITHHOLDING TAX/TDS CONFIGURATION IN SAP- PART2 - YouTube There are three input withholding tax rates: 1. Step by Step document for Withholding Tax configuration - SAP 8 25 144,484. When users post documents in SAP they only need to select a tax code. In sap, each nature of withholding is represented as "withholding tax type". I - Narayanan Veeriah - 2020-06-30 This book on 'Configuring SAP Financial Accounting' in SAP S/4HANA Finance, has been published in two . FAS-SAP CUSTOMIZATION: EXTENSION OF AMOUNT FIELD LENGTH (TRILLION) AND 1% WITHHOLDING TAX CONFIGURATION Approved Budget for the Contract (ABC) & Source of Fund Delivery/ Completion Period Price of Bid Documents (non-refundable) and receipt of bids Schedule of Activities Date/Time Pre-bid Conference Deadline of submission Withholding Tax Use To calculate, pay, and report the withholding tax, the SAP System provides two functions: Classic Withholding Tax (all Releases) Extended Withholding Tax (from Release 4.0) For each company code, you can decide whether you want to use classic or extended withholding tax. In the wagetype table t512w, we see the tax payment wagetype in the '2nd der. withholding tax system would be extended for the period 1 October 2020 through 31 December 2022. This KBA answers the most frequently asked questions for USA IRS TAX Forms legal change 2020. 194C) is to be created then under that Withholding Tax type is created one at the time of invoice and other at the time of . sap sd tax determination procedure tutorial vk12 ox10, us tax sap configuration tech community, how to configure the tax sap, withholding tax configuration in sap tech concept hub, what is sales tax output tax purchase tax input tax, vat configuration sap q amp a, tax and pricing procedure configuration for gst in sap fico, tables with tax Withholding Tax Configuration In Sap Sap Concept Hub Withholding Tax Configuration In Sap Sap Concept Hub 1099 MISC Reporting-US Withholding tax - SAP How to . Withholding tax is reported in fixed reports. withholding tax system would be extended for the period 1 October 2020 through 31 December 2022. The WHT collection agents must collect the applicable WHT amounts, deposit the withheld . They would also like withholding tax certificates to be printed from SAP with : Vendor Name. S/4 HANA has long-been touted as an innovative business suite that could act as a catalyst for customers undergoing digital transformation. Withholding Tax is also called as retention tax. withholding tax system would be extended for the period 1 October 2020 through 31 December 2022. Tax Calculation Procedures (defined in the system) together with the Tax Codes are used in calculating the amount of tax. Other countries may have different tax regime that follow the withholding, e.g. First navigate to the Tax Management Work Center and choose Withholdings Tax Return Runs. The tax rates presented here are those of 2014/2015. Choose Configure Your Solution. Create withholding tax codes with values and limits. We additionally find the money for variant types and then type of the books to browse. You can generate the report using either the enhanced mode or the classic mode of report generation. report from SAP. The applicable Withholding tax percentage is determined by combination of the Tax type and tax code. and has to remit deducted Tax amount to government. An illustration of how tax calculation is done follows fr an employee who is paid semi-monthly (twice every month, so 24 times in a year). Let us create 2 withholding tax codes A1 and V9 for Professional & Technical services for Invoice posting. Check Document Type as Vendor Invoice. This withholding tax configuration in sap sap concept hub, as one of the most working sellers here will completely be in the course of the best options to review. Hi Sreehari. SAP Solution for e-withholding tax Thailand Points to consider:-Tax configuration in sap: Tax procedure, Tax code & Tax § Integration with SAP Tax Compliance § Reconciliation with tax authorities data . In the new screen, choose Set Local Version and select the local version as USA. Go to Implementation Projects view. • In India, TDS under Income Tax Act is major Withholding Tax. WITHHOLDING TAX IN SAP 2. This checks the consistency of open-item-management indicator for the G/L account between the source ECC system and the S/4HANA Central Finance system. Withholding tax reports can be fetched in sap at any given point of time. 4 12 5,426. Step 1 : Define Tax Code. *Required Configuration:* Define Withholding Tax key (206C) . Accumulation data for withholding taxes and localization is not supported as part of the standard product. Process of generating withholding tax certificate can be automated as well. This withholding tax configuration in sap sap concept hub, as one of the most working sellers here will completely be in the course of the best options to review. Always Send Withholding Tax If selected, withholding tax information is always be sent to SAP via the BAPI call at the time or export, regardless if a withholding tax amount has been captured from the document. Always Send Withholding Tax If selected, withholding tax information is always be sent to SAP via the BAPI call at the time or export, regardless if a withholding tax amount has been captured from the document. Here, as part of our free SAP FI course, we walk you through the customizing settings step-by-step to enable the automatic posting of tax using a . For online Training - WhatsApp And Call - 9848824525Withholding Tax (TDS) Implementation in SAP FICO - Withholding Tax Configurationతెలుగులో SAP FICO . SAP Central Finance supports N: 1 mapping for master data but not fully . 1042-S Payment of US source income to foreign person USA - SCOPE OF IRS TAX FORMS SUPPORTED . In the US, payroll tax calculation for SAP is done by BSI, a third-party tool to which SAP sends data. Box No:7 is no longer in report Form 1099MISC from fiscal year 2020. The 1% withholding tax is for the following: B080 - persons exempt from VAT under Sec. SAP Solution for e-withholding tax Thailand Points to consider:-Tax configuration in sap: Tax procedure, Tax code & Tax A tax code in sap is a two digit alphanumeric code which stores different tax conditions (defined in tax procedure) and corresponding tax percentage. Let us pr oceed for the configuration. If more than one active withholding tax code exists on the vendor master, the document is parked. If you ally craving such a referred withholding tax configuration in sap sap concept hub ebook that will give you worth, get the unquestionably best seller from us currently from several preferred authors. Extended Withholding Tax -Generic Withholding Tax Reporting - Printouts - Define Forms for withholding Tax Reporting. Withholding tax like income tax in India. 9/21/2018 Step by Step document for Withholding Tax configuration | SAP Blogs 3/14 The flow for the configuration is such that firstly the Withholding Tax Key (e.g. 3 Views. Configuring Certificate Numbering for Withholding Tax - SAP Documentation Configuring Certificate Numbering for Withholding Tax Use Withholding tax certificates are proof for the vendor and the tax authorities that tax was withheld. Important Pre requisite - SAP S/4HANA CFIN supports ONLY Extended Withholding Tax. Configuring SAP Financial Accounting - Vol. The aim of this blog is to provide implementation information that needs to be performed in SAP side for activating the new/changed functionality supported by SAP. Select Tax Code for the Tax Applicable. kindly find solution for above scenario. List of questions answered in this KBA: Q1. What is Alphanumeric Tax Code (ATC) and description, where do you use it? If more than one active withholding tax code exists on the vendor master, the document is parked. Income is classified into one of eleven categories. withholding-tax-configuration-in-sap-sap-concept-hub 1/2 Downloaded from meet.acp-usa.org on December 9, 2021 by guest [Books] Withholding Tax Configuration In Sap Sap Concept Hub If you ally habit such a referred withholding tax configuration in sap sap concept hub book that will have enough money you worth, acquire the totally best Click OK. Logoff . The tax deducted by the vendor is remitted to the tax authorities on specified due dates. Step 2 : Define formula for calculation withholding tax. Step 4.1 Take amount Less then equal to 120000/-. . Step by Step document for Withholding Tax configuration. Enter Amount for Invoice. Corporate - Withholding taxes Last reviewed - 30 June 2021. Withholding tax configuration in sap Below article will help you understand what configuration is needed in sap to fulfill actual withholding tax requirement as directed by tax authority. 2973935. The vendor gives a Withholding tax certificate to the customer for the withholding tax deducted. OSS Note-OSS Note (363650 - Withholding Tax Configuration for 1099MISC). Additional taxes like VAT which our country specific. Its requirement of Government to deduct or withhold a particular percentage from paying to the vendor and pay such amount to the Government on behalf of other person. Withholding Tax tab missing in configuration activity Account determination/Tax. The Tax Code is the first step in the tax calculation procedure. Withholding tax that is calculated on vendor payments is a liability. To pass the withholding tax indicator for agent , the value X should be passed to placeholder C_COMPCD-US_CHP4. You can find a list of relevant SAP notes in SAP note 2623514 . SAP Solution for e-withholding tax Thailand Points to consider:-Tax configuration in sap: Tax procedure, Tax code & Tax A tax code in sap is a two digit . Step 4 : Check the above configuration in FB60. Withholding Tax Reports: Blue Returns, White Returns, VAT Detail Report, . Source: KPMG Thailand: Tax measures supporting R&D, electronic tax systems and e-filing. Follow tax-configuration-in-sap-fico-pdf 1/1 Downloaded from qa.mailshell.com on December 22, 2021 by guest [eBooks] Tax Configuration In Sap Fico Pdf Right here, we have countless book tax configuration in sap fico pdf and collections to check out. Martin Krivinskas and Jan de Clercq of Deloitte outline how and why the developments should be embraced by multinational companies for tax-related purposes. This Note contains the customizing steps for extended withholding tax configuration for US (1099 Reporting). SAP ERP has an excellent solution for implementing TDS.Withholding tax is an Income tax, which is deducted at the source of the revenue. In SAP FI CIN configuration withholding Tax means the tax deducted by payer for a payment transaction like rent, interest, dividends, salary, sales of goods etc. WT' field. The flow for the configuration is such that firstly the Withholding Tax Key (e.g. US - United States. The party that is subject to tax does not remit the withholding tax to the authorities himself. Q2. • GST has also introduced TDS 3. SAP Excise Tax Management. Tax in SAP S/4HANA. Free manual, step-by-step using function in SAP. Symptom IRS has come out with new 1099-NEC Reporting for Non-Employee compensation paid in the year 2020. As SAP S/4HANA enables more and more the ''intelligent enterprise'', the topic of tax becomes also a key part of this journey. 194C) is to be created then under that Withholding Tax type is created one at the time of invoice and other at the time of payment and then based on the different rates prevailing in the Income tax Act, different Tax Codes are to . Use SAP predefined Form IDWERT_UK_CIS23I. Configuration in sap is done in such a way that whenever a transaction is posted, withholding tax amount along with other transaction details is recorded. 5% charged on management and consulting services. www.sapficoconsultant.com Page 6 of 57 1. The Colombian tax system provides for WHT as a general mechanism of advance tax collection. OverviewThe purpose of this document is to provide insights to the customers, how chapter 4 withholding tax reporting for 1042S can be implemented using the generic withholding tax reporting framework. About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features Press Copyright Contact us Creators . For more details, please read (Accumulated) Withholding Taxes and Central Payment. SAP S4 HANA Cloud provides a set of pre configured Tax Types and Tax codes with applicable WHT percentages on both Invoice posting and Payment posting based on the legal requirement of the applicable localization country. SAP uses Condition Method technique to calculate taxes (except Withholding Tax) in the system. 4.94K views July 25, 2020. During the replication of FI documents with withholding taxes to the Central Finance system, the system checks the withholding tax configuration and the below tables are compared: T059P (Withholding Tax Types) T059Z (Withholding Tax Codes) T001WT (Company Code Spec. SAP allows the following taxes to be processed while posting documents: Tax on sales and purchases. Tax, both direct and indirect, is also an area where legal regulations and the mandatory changes in this area have a high impact and where technology would need to quickly adapt . There is a zero net effect on the employee. Let us proceed for the Withholding Tax configuration. Concept Of Tax Jurisdictions. You are now ready to Run a Withholding Tax Return Run for 1099-NEC's in SAP Business ByDesign! SAP supplies a general tax model with the system, but if you do business in local tax authorities or have complex taxation rules then you will most likely have to configure your own tax models. . Dec 26, 2013 at 06:40 AM. Create withholding tax type S1 with the name Tax Collected at Source-Base and 3% charged on building. The status code of the withholding agent (which was maintained as the additional data of company code using the configuration step 1) to be reported in the form. Step 3 : Define Min/Max Amounts for withholding Tax Codes. Buy an annual SAP training subscription for $200 off and also get a $200 Amazon gift card on us. Basic Settings 1.1 Check Withholding Tax Countries For configuration we use the following path on the SAP application . Withholding Taxes Configuration- Generic Reporting. SAP Excise Tax Management solution helps companies that deal with excisable goods, like spirits, tobacco, or coffee to stay up to date with the documentation, calculation and reporting of the relevant tax amounts as well as comply to legal requirements. For a no-pay net it generates $160 in gross, and $60 in a cash payment that equals the $60 in tax. In all source company codes, for which withholding taxes shall be replicated to the Central Finance system, Extended Withholding Tax must be activated in the respective source system (& not classic WHT) although for those company codes or companies which do not use WHT at all this can be ignored. 3 Configuration of the 1% Withholding Tax. Normally tax code is created at national level but in few countries like USA, Select Tax Indicator "Calculate Tax". Under Country section click Edit Countries. After completing the above fields, click Withholding tax. Withholding Tax in India: • Withholding Tax is a Retention Tax where a certain part of payment is withheld by the payer. OSS Note-OSS Note (363650 - Withholding Tax Configuration for 1099MISC). Expand the General ledger node and select the Withholding tax check box. In SAP FICO, SAP FI take cares about accounting, preparation of financial statements, tax computations etc, while SAP CO take cares of inter orders, cost sheet, inventory sheet, cost allocations etc. Address. . 2973935 - FAQs on USA IRS TAX legal changes 2020. Vendor ID of the Vendor to be Invoice and Invoice Date. FAQs on USA IRS TAX legal changes 2020. The system automatically calculates the tax amounts and posts to tax accounts. Applicable withholding tax percentage depends upon the nature of withholding. Let us proceed for the configuration. TCS Configuration Problem in SAP. (sapficoconsultant.com) Download EXT-WHT Configuration Material. Tax return extract-Depending on which version of SAP, use program RFW1099M (if you're on a version below 4.7) or RFIDYYWT (if you're using version 4.7 or anything . Therefore, only balance sheet accounts or liability accounts are valid accounts for posting withholding tax. 1099 withholding taxes: Reporting of 1099 taxes involves miscellaneous income paid to non-incorporated vendors or non-employees. Tax jurisdictions represent the government authorities to which the taxes are paid. . If you want to witty books, lots of novels, tale, jokes, and more fictions collections are then launched, from best seller . Newer Post Older Post. The relevant configuration chapters are 12 and 14. Tax return extract-Depending on which version of SAP, use program RFW1099M (if you're on a version below 4.7) or RFIDYYWT (if you're using version 4.7 or anything . 2. SAP has delivered updates to address to relevant technical changes to prepare for the new Withholding Tax Calculation based on the state-equivalent withholding certificate for year 2020. Configuring SAP Financial Accounting - Vol. I - Narayanan Veeriah - 2020-06-30 This book on 'Configuring SAP Financial Accounting' in SAP S/4HANA Finance, has been published in two . Sales and Use tax as in USA. A blog all about SAP FI/CO. Under the law, as a general rule, all corporate entities are required to collect or withhold taxes from payments made to third parties. withholding-tax-configuration-in-sap-sap-concept-hub 1/10 Downloaded from us-central2.orbity.io on December 9, 2021 by guest [Book] Withholding Tax Configuration In Sap Sap Concept Hub This is likewise one of the factors by obtaining the soft documents of this withholding tax configuration in sap sap concept hub by online. Click General ledger > Setup > Withholding tax > Withholding tax codes. VAT or Value-Added Tax that is used in the EU. Source: KPMG Thailand: Tax measures supporting R&D, electronic tax systems and e-filing. Financial Reporting (SAP S/4HANA) Financial Accounting (SAP S/4HANA) Withholding Tax (1099 - MISC) The US Form 1099-MISC withholding tax advance compliance report is now enabled with the enhanced mode report generation. Withholding tax is a tax on vendors that does not create sales tax transactions. This task guide demonstrates how to set up withholding tax. To calculate pay and report the withholding tax, the SAP system provides two functions:- Classic With holding tax Extended Withholding tax . Select the First Implementation project and click Edit Project Scope. Extended Withholding Tax: SAP system provides two procedures for processing withholding tax; the "Standard" and the "Extended" withholding tax.We'll walk you through on the basic configuration steps of the latter procedure. For online Training - WhatsApp And Call - 9848824525Withholding Tax (TDS) Implementation in SAP FICO - Withholding Tax Configurationతెలుగులో SAP FICO . Steps to be taken: Go to Business Configuration work center. -. 5. Use the T-code FB60 and enter the company code. Corporate - Withholding taxes. 1099 Configuration in SAP for US Implementations 1099 and 1042 Business Process and Reporting is only applicable to US implementations. SAP Solution for e-withholding tax Thailand Points to consider:-Tax configuration in sap: Tax procedure, Tax code & Tax A tax code in sap is a two digit . 20% charged on imported goods/services. Enable manufacturers, retailers, and wholesalers to manage their excise taxes. You can find this configuration step by performing the following tasks: On the FIORI launchpad, choose the Manage Your Solution app. SAP SD Tax Determination Procedure Tutorial: VK12, OX10, OVK4, OVK1. Withholding tax is applicable in few countries which have withholding tax. 2919655-US IRS New Withholding Tax Form 1099-NEC and Legal changes 2020. In this case, the net is 270E, the gross is 270F and the tax payment is 270G. 0. joy83 April 5, 2013 0 Comments . 109V (Creditable) - Government Withholding Agent We have made some improvements to the way all of us engage within SAP Community, namely how we share information, how we treat each other, and how we can continue to learn. From the Available Countries list, choose one country, select it and move to Selected Countries. Click System administration > Setup > Licensing > License configuration. In SAP FI CIN configuration withholding tax plays a vital role in collecting tax on behalf of government authority, then which need to pay to the government. This process is divided into two sections: (a) Configuration (b) Code Implementation. To calculate pay and report the withholding tax, the SAP system provides two functions:- Classic Withholding tax Extended Withholding tax Extended Withholding tax includes all the functions of classic withholding tax; SAP therefore recommends the use of extended withholding tax. This Note contains the customizing steps for extended withholding tax configuration for US (1099 Reporting). 3. Withholding tax in sap 1. Ordinarily, WHT is the mechanism by which the Spanish tax authorities collect the final tax levied on non-residents. It is the software that stores data, and also computes them and retrieves the result based on the current marketing scenario. Welcome to our tutorial on SAP tax configuration. Information per WHT Type) T001RWT (Rounding Rules for Company Code and WHT Type) In the case of resident beneficiaries, however, it is simply an advance payment of a tax that is then normally self-assessed by the resident taxpayer in the final annual . Source: KPMG Thailand: Tax measures supporting R&D, electronic tax systems and e-filing. Implement the relevant SAP notes for the source system. Post Withholding Tax During Payment Posting Step 1) Enter transaction FB60 in SAP Command Field Step 2) In the Next Screen , Enter Company Code you want to post invoice to Step 3) In the next screen, Enter the Following Enter the Vendor ID (Withholding Tax Enabled )of the Vendor to be Invoiced Enter Invoice Date Check Document Type Vendor Invoice Checks the consistency of document splitting activation between the source ECC system & the S/4HANA Central system. It's a kind of Indirect Tax. Tax models drive how wages are taxed in the SAP US payroll calculation. Running a Withholding Tax Return Run for 1099-NEC's. Now that all of the prerequisites have been taken care of, you are able to run the withholding tax return. 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General mechanism of advance tax collection relevant SAP notes in SAP they only need to select tax... Ledger node and select the Local Version and select the first Implementation project and click Edit project Scope contains. Consistency of open-item-management Indicator for the withholding tax | AUMTECH Solutions-SAP Training < /a > SAP 7Q303. And select the first us withholding tax configuration in sap project and click Edit project Scope withholding is represented as & quot.! That stores data, and wholesalers to manage their Excise taxes 2nd der amounts for withholding tax for. Except withholding tax certificates to be Invoice and Invoice Date General ledger & gt ; withholding tax Countries configuration! Be embraced by multinational companies for tax-related purposes the US, payroll tax calculation Procedures ( defined the. Detail report, read ( Accumulated ) withholding taxes and Central payment do you use it the gross 270F! Retailers, and wholesalers to manage their Excise taxes Alphanumeric tax code is mechanism... < a href= '' https: //www.aumtechsolutions.com/sap-withholding-tax/ '' > withholding tax deducted be automated as well choose one country select. There is a Retention tax where a certain part of payment is withheld by the payer in... Document Splitting configuration SAP - XpCourse < /a > US - United.. ; 2nd der no longer in report Form 1099MISC from fiscal year 2020 for tax-related purposes fiscal 2020... Check withholding tax type & quot ; country, select it and move to Selected Countries '':..., only balance sheet accounts or liability accounts are valid accounts for posting withholding tax Reporting electronic tax systems e-filing... United States: Blue Returns, VAT Detail report, and move to Selected.... Is no longer in report Form 1099MISC from fiscal year 2020 generate the report using the... Find a list of relevant SAP notes in SAP Note 2623514 is used in new! Demonstrates how to Set up withholding tax reports can be automated as well, wholesalers... Type of us withholding tax configuration in sap vendor to be Invoice and Invoice Date click system &! Manufacturers, retailers, and also computes them and retrieves the result based on the.. Following: B080 - persons exempt from VAT under Sec or the classic mode of report generation the! Is 270G master data but not fully vendor payments is a Retention tax where a certain part of payment withheld... Excise tax Management this process is divided into two sections: ( a ) configuration ( b ) code.... Withheld by the payer mechanism of advance tax collection the wagetype table t512w, we see the tax for. To Selected Countries remit deducted tax amount to government open-item-management Indicator for the withholding tax Countries configuration. Administration & gt ; License configuration to manage their Excise taxes checks the of! Settings 1.1 Check withholding tax & quot ; following: B080 - persons exempt from VAT under.. Check withholding tax -Generic withholding tax code is the software that stores data, and wholesalers to manage Excise. Miscellaneous Income paid to non-incorporated vendors or non-employees, click withholding tax SAP they only to. Following: B080 - persons exempt from VAT under Sec: ( )... Questions for USA IRS tax Forms legal change 2020 is used in the tax payment is 270G Take Less... For extended withholding tax -Generic withholding tax Reporting - Printouts - Define for! - United States us withholding tax configuration in sap time outline how and why the developments should be embraced by multinational companies tax-related... Only need to select a tax code is the mechanism by which the are! That follow the withholding tax | AUMTECH Solutions-SAP Training < /a > withholding tax payment is withheld by the.. To select a tax code is deducted at the source us withholding tax configuration in sap the.. Sap tax Compliance § Reconciliation with tax authorities data of open-item-management Indicator for the withholding tax code on! On vendor payments is a liability fetched in SAP S/4HANA government authorities to SAP. Account determination/Tax and also computes them and retrieves the result based on the SAP application tax Runs. Of Indirect tax a Retention tax where a certain part of payment 270G! One active withholding tax Reporting list of relevant SAP notes in SAP at given... Indicator & quot ; Calculate tax & gt ; withholding tax of is. Table t512w, we see the tax amounts and posts to tax does not remit the withholding, e.g Error... India, TDS under Income tax Act is major withholding tax certificate can automated... Following path on the vendor master, the net is 270E, the net 270E... Accounts or liability accounts are valid accounts for posting withholding tax Check.! Amounts and posts to tax accounts miscellaneous Income paid to non-incorporated vendors non-employees... Tax Indicator & quot ; WHT as a General mechanism of advance tax collection for Non-Employee compensation in. Payments is a zero net effect on the vendor gives a withholding tax certificate can fetched! India, TDS under Income tax Act is major withholding tax key ( 206C ), VAT report. Vendor gives a withholding tax is a liability href= '' https: //www.michaelmanagement.com/sap-error-messages/en/7q/7q303 '' > withholding tax calculating withh /a! Checks the consistency of open-item-management Indicator for the G/L Account between the source the. The document is parked of the revenue Business configuration work center and choose tax. By BSI, a third-party tool to which SAP sends data calculation for SAP is done by BSI, third-party... //Www.Aumtechsolutions.Com/Sap-Withholding-Tax/ '' > SAP Excise tax Management Licensing & gt ; withholding tax percentage depends upon the nature of.. Are used in calculating the amount of tax Condition Method technique to Calculate taxes ( except withholding tax certificate the! Sends data Business configuration work center steps to be Invoice and Invoice Date amount to government for configuration we the. The employee x27 ; 2nd der software that stores data, and wholesalers to manage their Excise taxes Invoice... Jan de Clercq of Deloitte outline how and why the developments should be embraced by multinational companies tax-related! Is 270G, e.g system ) together with the tax amounts and posts to tax accounts steps... You can generate the report using either the enhanced mode or the mode. Authorities himself the withheld calculating withh < /a > US - United States are paid the applicable WHT,! ( ATC ) and description, where do you use it report using either the enhanced mode or classic! Documents in SAP, each nature of withholding is represented as & quot ; Calculate tax & quot..

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