2308 | Cross Bank Area Postings in SAP S/4HANA Cloud for Advanced Payment Management, Public Edition | Finance
With the new version of in-house banking, new features are included.Features included are among other things withholding taxes and the calculationof fees. The withholding taxes feature allows for the calculation of credit,debit and overdraft interests, since these may be subject to withholding taxesdepending on local legal requirements. The calculation of fees allows for thecalculation of transaction- or account maintenance-based fees.
ValueProposition
§Fulfilment of legal requirement forcalculation of withholding taxes.
§In house banking can pass onincurred expenses resulting from payments for example, foreign payments,domestic payments, and others to their account holders also known assubsidiaries.
Capabilities
§Withholding tax types and codes aredetermined in dependency of the country related to the in-house bank and thecountry where the subsidiary is located.
§Based on the calculated interests,withholding taxes are posted on the corresponding in-house bank account.
Formore information, see: WithholdingTax | SAP Help Portal
§Fees can be assigned on bank-arealevel, group level and single account level.
§Fees can be maintained as fixedfees, interval or incremental fees.
Formore information, see: ManageIn-House Bank Fees | SAP Help Portal
