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 Defining Withholding Tax Minimum Amounts Locate this document in the navigation structure

Use

If you have not defined a Withholding tax minimum amount in the classic withholding tax codes, you do not need to take any action at this stage.

If you have defined the Withholding tax minimum amount in the classic withholding tax codes, define the minimum amount for the extended withholding tax types and codes that you have defined.

Procedure

  1. In the Implementation Guide for Financial Accounting , choose Financial Accounting Global Settings → Withholding Tax → Extended Withholding Tax → Reporting → Define Minimum Amounts per Withholding Tax Code .

  2. Create a new entry for the withholding tax type and code that you later wish to assign to the classic withholding tax code.

Make sure that the Currency field corresponds to the same field for the Withholding tax minimum amount in the classic withholding tax code.

Define the amount in the field Base min. reporting to correspond with the withholding tax minimum amount in the classic withholding tax code.