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May 07, 2021 at 04:36 PM

Hospitality Reduced Tax Rate

98 Views Last edit May 07, 2021 at 11:56 PM 2 rev

Hi,

I have a scenario where the goverment introduced a reduction in tax rate for hospitality & Tourism services. The current reduction in the tax rate from 20% to 5%. This will last unit the 30th of September 2021 and then a further 6 months at a 12.5% rate and then finally returning to a 20% tax rate.

How has SAP BYD got around this issue? Currently it easy to suggest using the current reduced rate which is at 5% but I am unsure of what will happen when the goverment introduce the 12.5%. Will sap introduct a new tax code?

I need to understand how this will pan out so that I can inform the customer on how to deal with the scenario in the furture?

Kind Regards

Nikesh Pabari