Setting Up Split VAT for Supplier (Release 9.2 Updates)

You use the Split VAT Setup for Supplier program (P704012) to split the tax amount that you pay to the supplier. The P704012 program allows you to specify the percentage by which you want to split the tax amount and pays that amount to the payee you had specified in the application. For example, if the tax amount for a transaction is $1000 and the split percentage you have specified in the P704012 program is 60, the 60% of the tax amount ($600) is deducted from the transaction and a new line is added in the transaction to pay the payee specified in the P704012 program.

You can use the manual payment or automatic payment process to pay the split VAT amount to the payee.