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Migration of Open Items AP/AR

Dear All,

I am trying to migrate Open Items Payables/Receivables in SAP ByDesign. I am wondering, what should be filled in column Country of Tax Authority. Is it Country of Tax Authority, where our company is registered, or country, where particular Customer / Supplier is registered?

Thank you for help in advance.

Regards,

Marian Plachy

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2 Answers

  • Best Answer
    Oct 11, 2017 at 02:55 PM

    Hi Marian,

    Yes, it is the country of tax authority where your company is registered.

    Thanks

    Lokesh Sharma

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  • Oct 12, 2017 at 04:51 AM

    Hello Marian,

    For the column Country of Tax Authority, you need to enter the country where tax is due and you need to file the tax return. So as Lokesh mentioned, it should be the country in which your company is registered and you submit your tax returns. If your company have multiple tax registration number, you need to select the country where you will report this open transactions.]

    I hope this will answer to your concerns.

    Regards,

    Harshal

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    • Hi Marian,

      Tax return currency is ideally the currency of country where tax is due. So if the transaction currency is different then the tax return currency, if you are aware of the exact values in tax return currency, you should enter this details here.

      If not, system will consider the exchange rate maintained for the default exchange rate type and convert the values into tax return currency (Derived from tax country).

      Regards,

      Harshal