How To Fix 7Q305 - An error occurred when translating currency of withholding tax amounts

7Q305 - Overview

• Message type: E = Error

• Message class: 7Q - Messages for new withholding tax functions

• Message number: 305

• Message text: An error occurred when translating currency of withholding tax amounts

What causes this issue?

An error occurred during translation of the withholding tax amounts.

System Response

The document cannot be posted.

How to fix this error?

Check the exchange rate settings in Customizing. Also check whether a
withholding tax type with an alternative exchange rate for translating
document currency into local currency is contained in the document you
wish to enter. If so, check the settings for currency translation for
this exchange rate type.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 7Q305 - An error occurred when translating currency of withholding tax amounts ?

  The SAP error message 7Q305, which states "An error occurred when translating currency of withholding tax amounts," typically occurs during the processing of financial transactions that involve withholding tax calculations. This error is related to issues with currency conversion for withholding tax amounts, which can arise due to various reasons.
  Causes:
  
  Currency 
  Configuration Issues: The currency settings in the system may not be properly configured, leading to problems in translating withholding tax amounts.
  Missing Exchange Rates: The system may lack the necessary exchange rates for the currencies involved in the transaction, preventing proper conversion.
  Incorrect Tax Code Configuration: The tax code used may not be set up correctly for the relevant currencies or may not have the necessary withholding tax settings.
  Inconsistent Currency Settings: There may be inconsistencies between the document currency, company code currency, and the currency used for withholding tax.
  Data Entry Errors: Incorrect data entry in the transaction that involves withholding tax can