RFUMSV50

Customizing the Tax Calculation Procedure

In Customizing for Financial Accounting (FI), choose Financial Accounting Global Settings → Tax on Sales/Purchases → Basic Settings → Check Calculation Procedure → Define Procedures.

Select the tax calculation procedure and double-click Control Data.Assign requirement 150 to every step with an IEPS condition (not VAT conditions).

Define deferred tax rules

To be able to run the Deferred Tax Transfer program, make the settings in Customizing for

Financial Accounting (New) under General Ledger Accounting (New) Periodic Processing

Report Sales/Purchases Tax Returns Deferred Taxes Define deferred tax rules

Document

Per Invoice, With Clearing

The program generates an individual tax transfer document for every invoice that

contains a deferred tax item.

If a deferred tax code has more than one condition type, the system generates a tax

transfer document not just for each invoice, but for each condition type.

Per Tax Code and Business Area

The system generates a separate tax transfer document for all deferred tax items in

the same business area with the same tax code.

Per Tax Code, Without Clearing

The system generates a separate tax transfer document for all deferred tax items with

the same tax code.

Checks must clear

Specifies that the law does not consider an invoice to be paid until a check, or other form of

payment that uses a bank subaccount, clears.

The deferred tax transfer program (RFUMSV50) only transfers the taxes for checks or similar

instruments that have been paid. The payment item must have been cleared from the bank

subaccount to the actual bank account.

With deferred taxes, taxes are not recognized until a payment is made. By default, the system

considers a payment by check to be made as soon as you issue it to a customer, or receive it

from a vendor. In some countries, however, checks are not recognized until they clear. The

system handles this as described below.

The information here applies not just to checks, but to all forms of payment that are managed

using bank subaccounts.

Prerequisites

· You use bank subaccounts to record payments by check pending clearing.

Features

When you run the Deferred Tax Transfer program (RFUMSV50), it only transfers taxes on

payments by check if the check has cleared. If not, the program does not recognize the

payment and does not transfer the taxes.

Tax document 0% Rate

Indicates that the deferred tax transfer program (RFUMSV50) generates tax transfer

documents also for documents with 0% tax rate.

Assign deferred tax rules to company code

Customizing for Financial Accounting (New) under General Ledger Accounting (New)

Periodic Processing Report Sales/Purchases Tax Returns Deferred Taxes Assign

deferred tax rules to company code

Specify when Bill of Exchange are recognized

There are several points at which the Deferred Tax Transfer program can recognize a bill of

exchange as a payment:

· On the bill’s due date, irrespective of whether the bill has been paid

· On full payment of the bill (and not before)

· On every partial payment

Customizing for Financial Accounting (FI), by choosing General Ledger Accounting → Business

Transactions → Closing → Report → Sales/Purchases Tax Returns → Deferred Taxes → Specify

When Bills of Exchange Are Recognized.