Vendor Master Data (Withholding Tax Data) (SAP Library

Vendor Master Data (Withholding Tax Data)

Definition

The part of the vendor master record where you record information about which taxes you have to withhold from payments to a vendor.

For generic information about withholding tax data in the vendor master, see Defining Liability to Tax and Authorization to Deduct Tax.

To access the vendor master, from the SAP Easy Access screen, choose Accounting ® Financial Accounting ® Accounts Payable ® Master Records ® …

Use

On the Withholding Tax Accounting screen, fill out the following fields (for the Construction Industry Scheme and Section 16):

Withholding Tax Type

Withholding Tax Code

Liable

Fill out the following fields for the Construction Industry Scheme only:

Exemption Number

If the subcontractor has registered with the Inland Revenue under the Construction Industry Scheme, enter its registration card number or subcontractors tax certificate number or construction tax certificate number.

Otherwise, leave the field blank.

Note

Even though registration cards do not constitute exemption certificates, the system has been customized for the United Kingdom to work using these fields for the card and certificate numbers.

Exempt %

If the subcontractor holds a registration card, enter 0 in this field. This denotes that there is no exemption. For holders of subcontractors tax certificates and construction tax certificates, enter 100.

Exempt From, Exempt To

Enter the dates for which the certificate or card is valid.

See also:

Vendor Master Data (Control Data)