1. Tax Processing Implementation Guide
  2. Setting Up Alternate Tax Rate/Area By Country

Setting Up Alternate Tax Rate/Area By Country

Access the Alternate Tax Rate/Area By Country form.

Alternate Tax Rate / Area By Country.
Company

Specify the company number for which you set up the alternate tax rate/area by country. The system automatically retrieves the company name from the Company Master (F0010) table.

Tax Rate/Area

Specify the tax rate/area to use for the country and company combination. You must select a valid value from the Tax Rate/Area (F4008) table.

Country

Specify the country code from the Countries Alternate Tax Area (00/EC) UDC table. This is a mandatory field.

Note: The VAT reports process transactions by country. The system while processing VAT reports checks whether the transaction belongs to the specified country. The system identifies the transaction with the company and the tax rate area. If it finds a value for country, it processes transactions belonging to that country. The system gets the value for country using the values in the Company and Tax Rate/Area fields, value in the Tax Rate/Area field, or value in the Company field.