Understanding Assigning Cost or Price Element During VAT and Sales Tax Setup

You use the Assign Cost Element program (P75I021) to assign the cost or price element to the VAT and sales tax components of taxes during the setup in the P2P and O2P cycles respectively. Based on the processing option, the system enables you to assign price or cost element during the VAT or sales tax setup.

The system stores the tax type and the assigned cost element or price adjustments in the F75421 table.