on 06-16-2014 2:48 AM
California is implementing a 4 decimal percent tax exemption on 07/01/2014. We use standard SAP tax jurisdiction functionality, which only allows a 3 decimal percent rate (6.500%). Same issue exists both in A/R & A/P tax rates (JR1, JP1E). We are in ECC6.
Is there any functionality in SAP that supports a 4 decimal tax percent?
Any guidance would be much appreciated.
For any change in statutory requirements, SAP would support that change. So please raise OSS note so that SAP will guide you.
G. Lakshmipathi
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
In SPRO Sales Tax configuration can be found under Financial Accounting > Financial Accounting Global Settings > Tax on Sales/Purchases > Basic Settings, Calculation, Posting.
In our ECC6 system FTXP allows only 3 decimals on a percentage rate [ex 1.165%] and SAP agrees that is how FTXP currently works.
Thanks.
Hi, thanks for your reply.
Despite the rounding problem, my customer wants me to build a TAXUS VAT code that shows both percentages 7,50 and 4.1875 and not a single VAT code with the 3.3125% since he wants the two percentages being shown separatly on invoices and reporting.
Do you have any idea on how fullfill his requirements?
Thanks a lot
S.
Hi Sara, I'm still awaiting a response from SAP Support to my latest message. If I get a solution I'll gladly post it.
My suggestion is that you enter your issue with the SAP Support Portal. Sorry, I'm not familiar with TAXUS procedure. We use procedure TAXUSJ Tax Jurisdiction and we do not print sales tax % on invoices, only the calculated amount.
User | Count |
---|---|
108 | |
12 | |
11 | |
6 | |
5 | |
4 | |
3 | |
3 | |
3 | |
3 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.