SAP's standard withholding tax solution

SAP Capital Yield Tax Management (SAP CYT)

The taxation at source of returns on interest from capital assets has become a permanent aspect of fiscal policy in many countries. Since a large share of these taxable capital yields are generated by banks and insurance companies, these businesses face the challenge of calculating capital yield tax taking into account country-specific regulations.

SAP Capital Yield Tax Management (SAP CYT), developed by iBS on behalf of SAP, represents a powerful solution to this challenge.

Features & Benefits

• Calculation and posting of country-specific tax on capital yield including loss offsetting
• Standardized, central tax calculation for all types of revenue and income
• Flexible modeling of products specific to particular institutions using customizing settings
• Central master data management for partner and account data relevant for tax purposes
• Extensive reporting capabilities to meet external and internal information requirements
• Can be implemented rapidly using sample customizing settings supplied

Integration

SAP CYT is implemented as a separate subledger with its own master data and transaction data management. Thanks to an online connection to the SAP current account components, SAP CYT is integrated into the account settlement and closure processes. Other SAP components, such as loans and money market trading, as well as non-SAP systems responsible for position management, can be connected using standardized interfaces.

Purchase and Implementation

SAP CYT is a solution developed by iBS on behalf of SAP. On June 30, 2010 iBS sold the software to SAP. As a solution provider, iBS AG helps you to implement and maintain your solution.