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Incorrect VAT calculation during MIRO

Hi,

I have a question related to the VAT calculation during MIRO -

Couple of facts -

1. The company code has TAXES procedure attached to it.

2. The tax code 'S3' is setup for 18% tax.

3. The account key 'VST' is setup as follows -

a. Tax type = 2 (Input tax)

b. Not deductible = checked off

c. Posting indic. = 2 (Separate line item)

4. Vendor invoice = 119 EUR; Expense line item = 100 EUR and Calculated tax = 18 EUR (18%)

The following accounting entry is proposed by the system during the simulation of MIRO -

1 K Vendor 119.00- EUR

2 S GR/IR NON STOCK 100.00 EUR

3 S VAT RECOVERABLE 18.15 EUR

4 S ACCRUED TAX 0.85 EUR

I can not explain the additional 15 cent into the tax account. I think the system is considering base as 101 instead of 100 which means 101 * .18 = 18.18 but it is still 3 cents off. Is it a rounding issue or something else?

I'm expecting the above entry the following way -

1 K Vendor 119.00- EUR

2 S GR/IR NON STOCK 100.00 EUR

3 S VAT RECOVERABLE 18.00 EUR

4 S ACCRUED TAX 1.00 EUR

Any help would be highly appreciated.

Thanks,

MV

Former Member
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