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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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