What is 'electronic certificate of withholding tax' in SAP CA-GTF - General Application Functions?

electronic certificate of withholding tax - Overview

• Component: CA-GTF

• Component Name: General Application Functions

• Description: A certificate which the buying company creates on behalf of its suppliers if the received payments are subject to withholding tax VAT. The certificates are electronic documents in XML format and are to be submitted to the tax agency in Peru SUNAT by the buying company if thelatter has been authorized by the tax authority as a withholding tax agent.

electronic certificate of withholding tax - Details

• 
  Key Concepts: 
  An electronic certificate of withholding tax (ECWT) is a document used in SAP to record the withholding tax amount that has been deducted from a payment. It is part of the General Application Functions (CA-GTF) component of SAP. The ECWT is used to provide evidence of the withholding tax amount that has been deducted from a payment, and it is also used to ensure that the correct amount of withholding tax is paid to the relevant tax authority.
  
  How to use it: 
  In order to use the ECWT, you must first create an ECWT document in SAP. This document will contain information about the payment, such as the amount of withholding tax that has been deducted, and the date on which the payment was made. Once this document has been created, it can be used to provide evidence of the withholding tax amount that has been deducted from a payment.
  
  Tips & Tricks: 
  When creating an ECWT document in SAP, it is important to ensure that all of the information is accurate and up-to-date. This will help to ensure that the correct amount of withholding tax is paid to the relevant tax authority. Additionally, it is important to keep track of all ECWT documents in order to ensure that all payments are properly recorded and accounted for.
  
  Related Information: 
  For more information about electronic certificates of