VAT Withholding Calculation Program

When you run the VAT Withholding Calculation program, the system:

• Selects all vouchers that have a payment status defined as VAT withholding.

• Applies to the total tax amount the withholding percentage that is assigned to the supplier in the VAT Withholdings Setup - VEN table (F76V4030).

• Changes the payment status of payment items to the payment status that is specified in the processing options.

• Creates the VAT withholding document with a negative amount so that the amount is deducted from the voucher payment.

• Creates the withholding record in the foreign currency when the voucher is in a foreign currency.

• Generates a report that lists the processed vouchers and shows the withholding document and the batch number.

• Changes only the document payment status if the withholding is not calculated.

• Leaves the payment status unchanged if the program runs with an error.