R12: AP: Can a Rate Structure with Various Withholding Rates Based on Accumulated Gross Amounts in a Period Be Used in a Withholding tax Certficate?
(Doc ID 2747732.1)
Last updated on JANUARY 29, 2021
Applies to:Oracle Payables - Version 12.1.3 and later
Information in this document applies to any platform.
When an withholding tax certificate is entered in the system, the certificate does not use the rate structure defined in the withholding tax set up.
The withholding tax code "AWT Code 1" uses a rate structure like the following:
Rate Structure: Amount Ranges
Period Basis : Period
Amount Basis : Gross Amount
Type From Date To Date From Amount To Amount Rate
Standard 01-JAN-2020 31-DEC-2020 0.00 500.00 0
Standard 01-JAN-2020 31-DEC-2020 500.00 10
In any given period the first 500.00 for a supplier will generate 0% withholding. Afterwards all amounst are withheld at 10%.
Supplier ABC Corp has a tax certificate defined:
Tax Code Number Type Priority Rate From Date To Date
Tax with cert FJB-001 Standard 1 6 01-JAN-2020 31-DEC-2020
The first invoice in a given period for this supplier is entered for 1000.00. The amount withheld is 60.00 rather than 30.00.
Is there anyway around this functionality?
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