Understanding Tax Rate/Area Additional Information
The Tax Rate/Area Additional Information program (P74L4008) provides additional information for the Work With Tax Rate/Areas program (P4008). The system saves the data that you enter to the Tax Rate /Area Additional Information table (F74L4008). The F74L4008 table is a tag table of the Tax Areas table (F4008).
Note: When you want to do a tax exempt
transaction, use the Tax Rate/Area that has the Tax Exempt option selected. You
must specify a tax exempt reason too. You must set up the correct tax rate in the
Work With Tax Rate/Areas program (P4008). Set the tax rate as 0%, if you require an
exempt tax rate.