(IND) Set up withholding tax codes for TCS tax types [AX 2012]

Updated: October 22, 2012

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

NoteNote

This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.

  1. Click General ledger > Setup > Withholding tax > Withholding tax codes.

  2. Press CTRL+N to create a withholding tax code for Tax Collected at Source (TCS) and enter the required details.

    NoteNote

    For more information, see Withholding tax codes (form).

  3. On the General FastTab, select TCS in the Tax type field to categorize the tax code as the TCS tax code.

  4. Select the payable ledger account to post the TCS amount to in the Main account field.

  5. Select the TCS settlement period for the TCS tax code in the Settlement period field.

  6. Select the receivable account to post the TCS amount collected in purchase transactions in the Receivable account field.

  7. Percentage of gross amount is displayed in the Origin field and cannot be changed.

    NoteNote

    You cannot set the origin to Percentage of net amount for the TCS tax type.

  8. Select the TCS tax component for the TCS tax code in the Withholding tax component field.

  9. Click Values to open the Withholding tax values form. Enter the starting date and the ending date for the TCS value in the From date and the To date fields.

    NoteNote

    The Minimum limit field, the Upper limit field, and the Exclude % field are not available for tax codes with the TCS tax type. For more information, see Withholding tax values (form).

  10. Enter the percentage of TCS for the TCS tax code in the Value field.

  11. Press CTRL+S or close the Withholding tax values form and return to the Withholding tax codes form.

    NoteNote

    The Limits button is not available for the TCS tax type. For more information, see Withholding tax values (form).

NoteNote

This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

Community Additions

ADD
Show: