How To Fix ICC-KR556 - No formula for withholding tax type &1 and withholding tax code &2

ICC-KR556 - Overview

• Message type: E = Error

• Message class: ICC-KR - Localization (South Korea)

• Message number: 556

• Message text: No formula for withholding tax type &1 and withholding tax code &2

Self-Explanatory Message

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ICC-KR556 - Details

• The SAP error message ICC-KR556 indicates that there is no formula defined for a specific withholding tax type and withholding tax code in the system. This error typically arises during the processing of transactions that involve withholding tax calculations, such as vendor invoices or payments.
  
  Cause:
  
  Missing Configuration: The most common cause of this error is that the withholding tax type and code specified in the transaction do not have a corresponding formula defined in the system.
  Incorrect Tax Code: The tax code used in the transaction may not be correctly set up or may not correspond to the withholding tax type.
  Inconsistent Data: There may be inconsistencies in the master data for vendors or customers related to withholding tax settings.
  
  
  Solution:
  To resolve the ICC-KR556 error, you can follow these steps:
  
  
  Check Withholding Tax Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Accounts Payable > Withholding Tax > Withholding Tax Types.
  Ensure