Alternate Tax Rate/Area Assignments in Recurring Billing

If you have enabled the alternate tax rate/area assignment functionality for the company of the building, the system retrieves the alternate tax rate/area when you add or modify a recurring billing record. The system retrieves the alternate tax rate/area only when the entities for the recurring billing record are in the European Union and an alternate tax rate/area is set up for the entities in the Alternate Tax Rate/Area Definition program (P40081).

When you enter a lease number in the header area, the system uses the Lessee information to determine whether to retrieve the alternate tax rate/area for a sale or purchase transaction.

If you enter a building in a detail line, the system retrieves the alternate tax rate/area based on the company of the building and the tenant for the lease. If you change the building, the system retrieves the alternate tax rate/area associated with the new value. If you manually enter a tax rate/area, the system does not retrieve an alternate tax rate/area when you change the building.

See also: Alternate Tax Rate/Area Assignments for Real Estate Management