Tax Information
- Tax Expl Code (tax explanation code)
Enter a value that exists in the Tax Explanation Codes (00/EX) UDC table to specify the type of tax applied to the supplier.
- Tax Rate / Area
Enter a value that exists in the F4008 table to specify the tax rate and tax area that applies to the supplier.
- Person/Corporation
Enter the code that designates the type of taxpayer. For 1099 reporting for U.S. suppliers and foreign suppliers, the system selects only records with a code of P or N. Values for U.S. entities:
Blank or C: Corporate entity (the Tax ID prints as 12-3456789).
P: Individual (the Tax ID prints as 123-45-6789).
N: Noncorporate entity (the Tax ID prints as 12-3456789).
Values for non-U.S. entities:
1: Individual.
2: Corporate entity.
3: Both an individual and a corporate entity.
4: Noncorporate entity.
5: Customs authority.
- Add'l Ind Tax ID (additional individual tax ID)
Enter the identification number assigned by a tax authority to the individual, in addition to the primary Tax ID number (TX1).
(FIN) Enter the payee business code. This code is required only for domestic payments in Finland.
- Tax Authority
Specify the government agency for which you withhold taxes from supplier payments. The value that you enter must be a valid address book number.
- Withholding Percent
Enter the amount to withhold from payments to the supplier. Enter the amount in percentage format.