KW_TAXLOCL - Zakat and Other Taxes (Kuwait)

SAP Transaction Code - Details

• Transaction Code: KW_TAXLOCL

  Description: Zakat and Other Taxes (Kuwait)

  Release: S/4HANA and ECC 6

  Menu Path:

  • Accounting > Financial Accounting > General Ledger > Periodic Processing > Closing > Report > General Ledger Reports > Financial Statement / Cash Flow > Kuwait > Zakat and Other Taxes for Local Companies
  • Accounting > Financial Accounting > General Ledger > Information System > General Ledger Reports > Financial Statement / Cash Flow > Kuwait > Zakat and Other Taxes for Local Companies
  • Information Systems > Accounting > Financial Accounting > General Ledger > Information System (New) > Financial Statement / Cash Flow > Kuwait > Zakat and Other Taxes for Local Companies

• • Program: RPFIKW_TAXLOCL

    Screen: 1000

    Authorization Object:

  • Development Package: GLO_FIN_FI_KW

    Package Description: FI Localization for Private Kuwait

    Parent Package: GLO_FIN_FI

  • Module/Component: FI-LOC-FI-KW

    Description: Financials Kuwait

AnswerBot

• SAP Tcode: KW_TAXLOCL - Zakat and Other Taxes (Kuwait)

  
  Overview:
  KW_TAXLOCL is an SAP transaction code used to manage Zakat and other taxes in Kuwait. It is used to calculate the amount of Zakat and other taxes due, as well as to record payments and other related information. 
  
  Functionality:
  KW_TAXLOCL allows users to enter the necessary information for calculating Zakat and other taxes due. This includes the amount of income, the type of income, and any deductions that may apply. The transaction code also allows users to view a summary of the taxes due, as well as to record payments and other related information. 
  
  Step-by-step How to Use:
  1. Enter the necessary information for calculating Zakat and other taxes due, such as the amount of income, type of income, and any deductions that may apply. 
  2. View a summary of the taxes due. 
  3. Record payments and other related information. 
  4. Submit the transaction code for processing. 
  
  Other Recommendations:
  It is important to ensure that all information entered into KW_TAXLOCL is accurate and up-to-date in order to ensure accurate calculations of Zakat and other taxes due. Additionally, it is recommended that users review the summary of taxes due before submitting the transaction code for processing.