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author's profile photo Former Member
Former Member

When the tax rate is changed, in the FI side, should a new tax code being

created or just change the old tax code to the new rate? What is the common approach? I was suggested to use existing code and just change the rate. Is this right?

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 21, 2007 at 06:34 PM

    Hi,

    you must create a new tax code with the new rate, for the old one you must maintain it because you should have documents posted with it.

    hope this helps

    regards

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  • Posted on Nov 21, 2007 at 08:53 PM

    Hello Dylan,

    If you are referring to VAT than creat a new tax code with new rates.

    You can copy the old tax code and then change the name and rate there.

    This is the best practice.

    Just be carefull about the transport - tax code tranpsort is tricky. You can get the information in SAP, if you have any problem then let me know i'll forward you the procedure.

    Best regards

    Moid

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