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Withholding Tax Rounding Rules

Updated May 18, 2018

Error ' Withholding tax type B1 is not defined for country IN' during rounding rules in Withholding Tax.

Hello Experts,

Please help to resolve this error during rounding rules in withholding tax. I am neither able to delete the existing nor add new entries.I have attached screen shot below.

Thanks in Advance

Comments

29 Aug 2014 6:45 pm Nitesh Singh Best Answer

Step 1 :
Define IMG Financial Accounting Financial Accounting Global Settings Withholding
Tax Extended Withholding Tax Calculation Withholding Tax Type Define Withholding
Tax Type for Invoice Posting

Step 2 :

Updating the country key in dialog box

Step 3 :
Then click on new entries for country key entered and adjust radio button details
Same is repeated for payment type for withholding tax posting

Step 4 :
Then define exchange rate type with below path
IMG Financial Accounting Financial Accounting Global Settings
Withholding Tax Extended Withholding Tax Calculation Withholding
Tax Type Define Exchange Rate Type for Withholding Tax Type

Step 5:
Then define withholding tax rounding rule
IMG Financial Accounting Financial Accounting Global Settings
Withholding Tax Extended Withholding Tax Calculation Withholding
Tax Type Define Rounding Rule for Withholding Tax Type

Step 6 :
Then define withholding tax codes
IMG Financial Accounting Financial Accounting Global Settings
Withholding Tax Extended Withholding Tax Calculation Withholding
Tax Codes Define Withholding Tax Codes
Check if you have performed the steps in order specified and the adjustments made

29 Sep 2016 1:24 pm Guest

Hi,
I have created tax type N1 in Define Withholding
Tax Type for Invoice Posting & N2 payment type for withholding tax posting but i deleted the both & creat newly tax type with M1 & M2. And now i want to delete N1 & N2 in Define Rounding Rule for Withholding Tax Type but error arise as above screen shot hence please guide.
ManaMohan