Tax System (74Y/TX)
Use this table to enter the tax system codes defined by the fiscal authority. The codes identify the economic activity and the volume of sales of a company. You assign one of these values in the Tax System Code field in the Address Book Additional Information form, to categorize a company.
The system uses this information when you work with electronic invoices.
The JD Edwards EnterpriseOne system provides hard-coded values for this UDC table, including a blank value that you can assign to transactions that are excluded from this categorization.
For example, some valid values are:
Codes |
Description |
---|---|
RF02 |
Minimum taxpayers |
RF03 |
New production initiatives |
RF07 |
Publishing |
You can add additional records to this UDC table to comply with regulations.