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Withholding tax is not required in SAP but this functionality available for the countries where it is required. There are two kinds of Withholding tax, Classic and Extended.

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16y ago

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Related Questions

What tax withholding is required by the federal government?

social security tax


Which tax withholding is required by the federal government?

SOcial Security Tax:D


What is a deduction from earnings as an advance payment on income tax?

Withholding amounts from your gross income is an advance payment of income tax and other required taxes, etc that your employer payroll department is required to withhold from your gross earnings that are subject to the withholding tax rate amounts.


Which tax withholding is required by the US Federal government?

You are required to have paid in at least a total equaling 90% of your total income tax paid in the previous tax year. If you do not have at least that much paid and applied to your tax for the current year through withholding and estimated tax payments then you will be subject to a tax penalty plus interest.


What are Mississippi tax withholdings?

Your employers payroll department should be able to give you the correct number that you want for the Mississippi tax withholding and any other required withholding amounts that the employer will be required to withhold from your gross pay earnings for the pay period.


Can you explain how extra withholding works?

Extra withholding is when you choose to have more money taken out of your paycheck for taxes than what is required. This can help you avoid owing money at tax time or even result in a larger tax refund.


List of things you need for a tax refund?

A properly calculated and filed tax return. An overpayment of tax, through withholding or estimated quarterly payments, compared to the tax required by the return.


Withholding tax on lump sum distributions?

For a non qualified pension plan it is required a 20% (for federal taxes) withholding for taxes and X% for State, depending on the State you live.


Difference between income tax and withholding tax?

The income tax is what is paid by "withholding of tax" from someones payment/pay. Other taxes or charges, like insurance, worker comp, etc may be [apd by withholding the amount from payment/payroll. There is really no such thing as a tax on withholding.


What is Classic Withholding Tax?

Classic Withholding Tax applies to the practice in some countries for people paying invoices to hold back a certain portion of their payment for withholding tax purposes. The United Kingdom is one of the countries the utilizes the Classic Withholding tax method.


Is withholding tax a direct tax?

yes


What is total federal income tax withholding reported on the Thurstons' tax return?

16. The Thurstons' total federal income tax withholding is $