Thresholds by Tax Code (lpind2115m000)

Use session to view and maintain thresholds by Tax Code/Business Partner for calculating TDS.

Field Information

Identification Number

The unique alphanumeric code issued by the tax registration authority by which the enterprise is identified in the country of issue. The length and the structure of the ID differs by country and type.

Note:

You must specify Identification Number or Business Partner if LDC is applicable.

Tax Country

The country for which the threshold is specified. The tax must be paid or reported in this country. The tax country can be different from the country where the goods are issued or delivered.

Tax Code

The code that identifies the tax rate and which determines how LN calculates and registers tax amounts.

Legal Form

The legal form or entity of the Invoice From BP.

Allowed values

Natural Person
Corporate Body

Non Resident

Indicates that the business partner is a non resident and is not a domestic business partner.

Business Partner

The code of the business partner.

Note: You must specify Business Partner or Identification Number if LDC is applicable.

Effective Date

The date from which the threshold comes into effect. This is a mandatory field.

Expiry Date

The date on which the threshold is expired.

Identification Number (BP)

The BP identification number.

LDC Number

The Lower Deduction of tax (LDC) certification number. This is used to withheld the tax deducted at source for the non-residents,

Note: This field is mandatory if LDC is applicable.

LDC Limit

The maximum amount for a LDC to be hold as tax deducted at source.

Note: This field is mandatory if LDC is applicable.

Currency

The code of the currency in which the threshold is specified.

Threshold

The code indicating the threshold limit for the tax rate.