Associate Tax Codes to Tax Rate and Areas

Access the Tax Groups - ARG - 00 form.

Tax Rate/Area

Enter a code that identifies a tax or geographic area that has common tax rates and tax authorities. The system validates the code you enter against the F4008 table. The system uses the tax rate/area with the tax explanation code and tax rules to calculate tax and GL distribution amounts when you create an invoice or voucher.

Effective Date and Expiration Date

Enter the date when a transaction, contract, obligation, preference, or policy rule becomes effective, or ceases to be in effect.

Company

Enter the company for which you set up the association between a tax code and tax area.

Business Unit

Enter the business unit for which you set up the association between a tax code and tax area.

Tax Code

Enter a value that exists in the Tax Codes (76A/TC) UDC table to associate the code with the tax area.