Setting Up Tax Rate/Areas for Ecuador, Peru, and Venezuela
Use tax area types to specify whether a tax area is for solidarity, withholding, or VAT. Tax rate/areas are stored in the F4008 table.
You should set up tax rate/areas within a structure, for example, A BBB CCC D. This table represents how you can set up the structure:
Character |
Example |
---|---|
A (Tax type) |
G (General VAT) |
BBB (Tax concept) |
COM (Purchasing) HON (Fees) SER (Services CMI (Commissions) ARR (Leasing) M (Manual tax settlement) Note: Use M when no specific VAT or withholding percentage exists and the tax calculation is entered manually. |
CCC (Tax subgroup) |
For COM (Purchasing):
For SER (Services):
For ARR (Leasing):
For M (Manual tax settlement):
|
Using this example, tax areas could be:
GCOMGEN – General VAT for automatic general purchases.
EHONGENM – Manual exempt general fees.