How to use RFKRWDL - Withholding Tax on Business Income

SAP Transaction Code - Details

• Transaction Code: RFKRWDL

  Description: Withholding Tax on Business Income

  Release: S/4HANA and ECC 6

• • Program: RFQSKR21

    Screen: 1000

    Authorization Object:

  • Development Package: ID-FI-KR

    Package Description: FI Localization (South Korea)

    Parent Package: APPL

  • Module/Component: FI-LOC-FI-KR

    Description: Financials South Korea

Smart SAP Assistant

• SAP Tcode: RFKRWDL - Withholding Tax on Business Income

  
  Overview: 
  The SAP transaction code RFKRWDL is used to manage withholding tax on business income. This code is used to calculate the amount of withholding tax that must be paid on business income and to record the payment of the withholding tax. 
  
  Functionality: 
  The RFKRWDL transaction code allows users to enter the details of the withholding tax, such as the amount, the date of payment, and the type of income being taxed. The code also allows users to view a list of all withholding taxes that have been paid and to generate reports on the withholding taxes. 
  
  Step-by-step How to Use: 
  1. Enter the RFKRWDL transaction code in the SAP system. 
  2. Enter the details of the withholding tax, such as the amount, date of payment, and type of income being taxed. 
  3. Select “Save” to save the withholding tax information. 
  4. Select “Display” to view a list of all withholding taxes that have been paid. 
  5. Select “Print” to generate a report on the withholding taxes. 
  
  Other Recommendations: 
  It is important to ensure that all withholding taxes are paid on time in order to avoid penalties and interest charges. It is also important to keep accurate records of all withholding taxes paid in order to ensure compliance with local laws and regulations.