Tax codes in SAP
Tax codes Tax codes are quite a key section to understand. The tax code really is meant to define the type of transaction clearly and accurately. But not only just define the type of transaction but also sufficiently to enable accurate reports. Should be able to report all VAT/tax-relevant transactions correctly. Should cover the full scope of transactions. And any possible overlaps should be eliminated. There are several sections to defining tax codes in SAP. We've got these outlined below the key data fields and we'll look at these one by one. Reporting country: firstly, it's an additional field which is unlocked after adds basically, the plants aboard functionality . In the tax code settings, you'll be able to define the country to which our tax code is relevant. Otherwise - default reporting country matches with the one of the company codes. So, what we typically see is when you've got a company code with overseas ...