How to use /ATL/VQZ5 - Extended WT:Update exemption rate

SAP Transaction Code - Details

• Transaction Code: /ATL/VQZ5

  Description: Extended WT:Update exemption rate

  Release: S/4HANA and ECC 6

  Menu Path:

  • Accounting > Financial Accounting > Accounts Payable > Withholding Tax > Israel > Extended Withholding Tax > Change Withholding Tax Recipient Types
  • Accounting > Financial Accounting > Country-/Region-Specific Functions > Israel > Vendor Enhancement > Withholding Tax > Extended Withholding Tax > Change Withholding Tax Recipient Types

• • Program: /ATL/VEXWTREP

    Screen: 1000

    Authorization Object:

  • Development Package: /ATL/VENDOR

    Package Description: vendores enhancement

    Parent Package: /CCEE/IL

  • Module/Component: FI-LOC-FI-IL

    Description: Financials Israel

Smart SAP Assistant

• SAP Tcode: /ATL/VQZ5 - Extended WT:Update exemption rate

  
  Overview:
  The SAP transaction code /ATL/VQZ5 is used to update the exemption rate for withholding tax (WT) in the SAP system. This transaction code is part of the Extended Withholding Tax (WT) module. 
  
  Functionality: 
  This transaction code allows users to update the exemption rate for WT in the SAP system. This rate is used to determine the amount of tax that should be withheld from payments made to vendors or customers. The rate can be updated manually or automatically, depending on the user's preference. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code /ATL/VQZ5 in the command field. 
  2. Select the “Update Exemption Rate” option from the menu. 
  3. Enter the new exemption rate in the “Exemption Rate” field. 
  4. Click “Save” to save the changes. 
  
  Other Recommendations: 
  It is important to ensure that the correct exemption rate is entered when updating WT exemption rates in SAP. If an incorrect rate is entered, it could result in incorrect withholding tax calculations and incorrect payments being made to vendors or customers. It is also important to ensure that all relevant documents are updated with the new exemption rate after it has been changed in SAP.