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.