What's New Viewer - SAP S/4HANA

Sales Tax Deduction for SST Report

This feature supports sales tax deduction for SST Report for Malaysia. Under the sales tax deduction facility, you can obtain a sales tax deduction for the purchase of certain inputs, such as raw materials, components and packaging materials.

Technical Details

Type

Changed

Functional Localization

Localized for Malaysia

Scope Item

1J2 ()

Application Component

FI-LOC-FI-MY(Financials Malaysia)

Available As Of

SAP S/4HANA 1909 FPS01

Effects on Existing Data

  • Two new fields are added to the report for sales tax deduction: 13B Sales Tax Deduction and 13A Adjustment under Sales Tax Deduction.

  • A new analytic view called Supplier Invoice List is added in order to check the deduction amount with the government data.

Effects on Customizing

  1. Set tax reporting date active in Customizing for Financial Accounting under Start of the navigation pathFinancial Accounting Global Settings Next navigation step Global Parameters for Company Code Next navigation step Enter Global ParametersEnd of the navigation path.

  2. Set up your fiscal year variant in Customizing for Financial Accounting under Start of the navigation pathFinancial Accounting Global Settings Next navigation step Fiscal Year and Posting Periods Next navigation step Maintain Fiscal Year VariantEnd of the navigation path.

  3. Make the required settings in Customizing for Financial Accounting under Start of the navigation pathAdvanced Compliance Reporting Next navigation step Setting Up Your Compliance ReportingEnd of the navigation path.

  4. Map material ID to customer's tariff code or service type code in Customizing for Financial Accounting (New), under Start of the navigation pathGeneral Ledger Accounting (New) Next navigation step Periodic Processing Next navigation step Report Next navigation step Statutory Reporting: Malaysia Next navigation step SST-02 Next navigation step Map Customs Tariff Code/ Service Type CodeEnd of the navigation path.

  5. Set up tax codes in Customizing for Financial Accounting under Start of the navigation pathFinancial Accounting Global Settings Next navigation step Tax on Sales/Purchases Next navigation step Calculation Next navigation step Define Tax Codes for Sales and PurchasesEnd of the navigation path.

  6. Define tax groups based on tax codes and define tax boxes according to each item on the SST-02 forms in Customizing for Financial Accounting (New), under Start of the navigation pathGeneral Ledger Accounting (New) Next navigation step Periodic Processing Next navigation step Report Next navigation step Statutory Reporting: Malaysia Next navigation step SST-02 Next navigation step Define Tax Box StructuresEnd of the navigation path.