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Former Member

Tax code(Urgent)

Hi,

how to create a new tax code.

requirement is ...Vendoe is UK based.We have created vendor and tried to send a PO.In PO it is asking to enter tax code.For this vendor VAT is 17.5%...in predefined taxes there is no value with 17.5 VAT...

so can any one tell me how to create for this with full settings.....Its Urgent.....

Thanks and Regards

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2 Answers

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    Former Member
    Aug 21, 2007 at 10:58 AM

    Hai MK,

    You can create Tax code (17.5%) in the condition type MWST in country specific tax procedure.If that particular condition type is not there in country tax procedure, you can put the same in that procedure.

    reply please.

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    Former Member
    Aug 21, 2007 at 11:04 AM

    Hi,

    You can create the tax code at FTXP transaction code for required country.

    Assign this tax code to Company code,

    after that assign Tax procedure to country.at

    Logistics - General->Tax on Goods Movements->Basic Settings-Determination of Excise Duty...

    Maintain the Condition Records for required % i.e 17.5 % for Vat condition at

    FV11 Transaction code.

    Rewards if Helpful

    Regards

    Sanjay L

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