2530279 - Unable to Approve Tax Payment Due to the Error : Bank details of payer/payee (Tax Authority) Do Not Exist

You are unable to approve a tax payment due to the error 'Bank details of payer/payee (Tax Authority) do not exist'.
'Release of tax payment X failed.'

SAP Business ByDesign

1. Go to the Application and User Management work center.
2. Navigate to theApprovals view and show Open Tasks.
3. Find your tax payment which with the subject: Tax Payment X -  YYY LC (X-YYY stands for the tax payment ID, LC stands for Local Currency).
4. Select the line and press Approve.

Error:

'Bank details of payer/payee (Tax Authority) do not exist.'
'Release of tax payment X failed.'

The validity of the bank account maintained for the tax authority starts on a later date than the tax payment's  date that you are trying to approve. Therefore, the system could not find any valid bank details for the date on which you are trying to make the payment.

1. Go to the Tax Management work center.
2. Access the Company Tax Arrangements view and find the respective Tax Authority.
3. Navigate to the Financial Data tab, and here to the Bank Data sub-tab.

The Valid From date of this bank account maintained is on later date than the tax payment's  payment date.

Change the validity of this bank account to a before date which is equal to the tax payment date or before.

Tax Payment Bank Details Do Not Exist , KBA , SRD-FIN-TAX , Tax Management , How To