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How is VAT posted and calculated in FI

Hi all

I would like to understand how VAT is posted and calculated in the system . How does the system calculate the VAT and post it according to the invoice received . Is this entered manually or how does the process work .

Can you please provide some inputs on the same .

Thanks ,

Srikanth

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  • Best Answer
    Posted on Jun 13, 2019 at 01:14 PM

    Hi

    Check Note 392696 - R/3 Tax Interface Configuration Guide. In this note you can download a PDF file with the title 'R/3 Tax Interface Configuration Guide Release 4.6x'. It contains 73 pages. It's for US VAT taxation, but it's very helpful to understand how it Works.

    I hope it helps you

    Regards

    Eduardo

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