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Dokumentation

RFQSKR09 - Withholding Tax Certificates (South Korea)

Fill RESBD Structure from EBP Component Structure   RFUMSV00 - Advance Return for Tax on Sales/Purchases  
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Description

This report creates certificates that show how much withholding tax has been retained for the vendors within a given company code.

It covers revenues from a range of sources, for example:

• Business income

• Interest

• Dividends

The report lists the withholding tax that these revenues are based on as income tax and inhabitant tax.

Korea's tax laws require different certificates for different types of revenue. Both the vendor and your business are issued one or more copies of the certificate, which serve as a receipt for the withholding tax paid or retained. Copies of both parties' certificates are then submitted to the authorities.

The report creates approved certificates for:

• Business income

• Other income, such as interest and dividends

Businesses are required to submit these documents to the tax office on a monthly basis, along with the withholding tax return.

Requirements

The selection criteria are as follows:

• Company code

• Payment document

For increased efficiency, you can also enter a selection date - assuming that you set at least one interval.

• Posting date

Partial payments and down payments do not have clearing (payment) dates. If you specify a clearing (payment) date only, these documents might not be covered by the report, so you must enter the posting date.

• Vendor number

• Fiscal year

• Type of withheld income tax

• Type of withheld inhabitant tax

• Other entries (if you choose the "Other withholding tax" certificate)

However, where foreign vendors are involved, please note the following:

As soon as you post an invoice from a foreign vendor you must enter the withholding tax manually, using the withholding tax code selected previously.

Only then is this report able to handle this type of transaction properly.

You will soon also be able to control this type of transaction via Customizing, so there will no longer be any need for the manual posting request.

The "other withholding tax" certificate is controlled by the entries in the "Other withholding tax - add. requirements" group box.

The fields within the vendor master are as follows:

Name	LFA1-NAME1	Vendor name
Street	LFA1-STRAS	Vendor address 3
City	LFA1-ORT01	Vendor address 1
District	LFA1-ORT02	Vendor address 2
Tax number 1	J_1BBRANCH-STCD1	Social insurance no.
Tax number 2	J_1BBRANCH-STCD2	VAT registration no.
Representative	J_1BBRANCH-KR_REPRES	Representative's name
Withh. tax code	LFB1-QSSKZ	Withholding tax code
Withh. tax country	LFB1-QLAND	Withholding tax country
Vendor rec. type	LFB1-QSREC	Vendor group

Output

The certificates are first displayed on screen. Copies are not sent to the customer or the tax office.

To do so, use the print manager, specifying the number of copies.

In the certificate, a separate line is created for every payment document. If there are more than one vendor line items, a separate line is created for each one.

BAL_S_LOG - Application Log: Log header data   BAL_S_LOG - Application Log: Log header data  
This documentation is copyright by SAP AG.

Length: 4723 Date: 20240601 Time: 161800     sap01-206 ( 53 ms )