How to use VC_TWIC8003KAN - Country Grouping

VC_TWIC8003KAN - Overview

• Transaction Code: VC_TWIC8003KAN

  Description: Country Grouping

  Release: S/4HANA only

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: WOST_CUST

    Package Description:

    Parent Package:

  • Module/Component:

    Description:

VC_TWIC8003KAN - Details

• SAP Tcode: VC_TWIC8003KAN - Country Grouping

   for Tax Withholding
  
  Overview: 
  VC_TWIC8003KAN is a SAP transaction code used to define country grouping for tax withholding. It is used to group countries together for the purpose of withholding taxes. This transaction code is part of the SAP Tax Withholding module. 
  
  Functionality: 
  The VC_TWIC8003KAN transaction code allows users to define country grouping for tax withholding. This includes setting up the country grouping, assigning countries to the group, and maintaining the country groupings. The country groupings are used to determine which countries are subject to withholding taxes and which are not. 
  
  Step-by-step How to Use: 
  1. Enter the VC_TWIC8003KAN transaction code in the command field. 
  2. Select “Create” from the menu bar. 
  3. Enter a name for the country grouping and select “Save”. 
  4. Select “Assign Countries” from the menu bar. 
  5. Select the countries that should be included in the country grouping and select “Save”. 
  6. Select “Maintain Country Grouping” from the menu bar. 
  7. Enter any additional information about the country grouping and select “Save”. 
  8. Select “Activate” from the menu bar to activate the country grouping for tax withholding purposes. 
  
  Other Recommendations: 
  It is important to ensure that all of the necessary information is entered correctly when setting up a country grouping for tax withholding using VC_TWIC8003KAN transaction code. Additionally, it is important to regularly review and update any existing country groupings