What is Taxes?

 You can use the SAP System to manage various types of tax according to the legal requirements of a country or a region
 Taxes on sales and purchases are levied on every sales transaction in accordance with the principles of VAT.

• Tax calculation: The system calculates tax amounts with or without cash discount based on the tax base amount. Tax codes are used to calculate and check the amounts.

• Tax posting: The system posts the tax amounts to defined tax accounts.

• Adjustments: The system corrects tax amounts, in the case of cash discount or other deductions, for example.

• Tax reporting: You can use the system to create tax returns.

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