How To Fix FICUSTOM340 - Withholding tax info in master record &1 missing: Check wthldng tax &2

FICUSTOM340 - Overview

• Message type: E = Error

• Message class: FICUSTOM - Customizable Messages for Funds Management

• Message number: 340

• Message text: Withholding tax info in master record &1 missing: Check wthldng tax &2

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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FICUSTOM340 - Details

• The SAP error message FICUSTOM340 indicates that there is missing withholding tax information in the master record for a specific vendor or customer. This error typically arises when you are trying to process a transaction that requires withholding tax information, but the necessary data is not available in the master record.
  
  Cause:
  The error occurs due to one or more of the following reasons:
  
  Missing Withholding Tax Type: The withholding tax type specified in the transaction is not maintained in the vendor or customer master record.
  Incomplete Master Data: The vendor or customer master record does not have the required withholding tax information filled out.
  Incorrect Configuration: The withholding tax configuration in the system may not be set up correctly, leading to missing links between the tax type and the master record.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Vendor/Customer Master Record:
  
  Go to the vendor or customer master record (transaction codes like XK03 for