Withholding Tax Amount

[Former Member]

Good Morning Experts!

Just want to know the reason and possible for my concerns regarding Withholding Tax Amount in INV5.

Currently withholding tax amount is rounding off to whole number

Example

Taxable Amount = PHP 11,986.63

Rate = 10%

Withholding Tax Amount = PHP 1,198.00

Should be = PHP 1,198.66

To correct this, I made a formatted search for withholding tax column where withholding tax = Taxable Amount * Rate/ 100 and it worked. The problem is in INV5.WTAmnt amount still shows PHP 1,198.00 instead of PHP 1,198.66

Version SAP 2007A

Localization Australia/New Zealand

Hope to hear from you soon.

Thanks

Sandra A. Callanta

[Former Member · Accepted solution]

Open Administration -> Setup -> Financials -> Currencies.

Check the 'Rounding' against the currency 'PHP'

[Former Member · Accepted solution]

Thanks...

I opened Administration -> Setup -> Financials -> Currencies but there is no rouding there... Column available are Code, Currency,International Code,International Description,Hundredth Name,English & English Hundredth Name. I checked the form settings if rounding is only inactive but it was not there.

Sandra

[Former Member · Accepted solution]

Done Already,

Reason why I was not able to see it is due to the rounding metho is by document. It should be by currency.

Thanks for the help.

Sandra

[Former Member · Accepted solution]

Hi Sridharan,

I would like to request you to kindly provide the full path for the Currencies please.

Thanks and Regards,

Sarvendra

[Former Member]

Done. Tnx