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Input and Output tax

Sap Gurus

i have been assigned a task i have never done before.Configuring the input and output tax in the FI part of our project.Could you please explain using examples and tcodes in chronological steps how one can configure this.Please include all the necessary information that can help a first time tax configurer

thanks

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  • Best Answer
    Posted on Aug 14, 2009 at 08:16 PM

    Hello,

    You can define tax code with using FTXP transaction.

    Call FTXP and give your country code. The tax schema assign to your country code.

    Give a new tax code and ENTER on screen. You must write description about your tax code and give tax type. tax type is A mean output tax, V mean input tax.

    After that, a new screen appears. If you create an output tax code, you must give percent value in MWS line, otherwise if you create an input tax, you must give percent value to VST line.

    Then you must assign a G/L code for this tax code. Push the "Tax accounts" button and give your chart of account code. Then there is a pop-up appears and give your tax account on this screen and save those settings.

    I hope it helps to you.

    Regards,

    Burak

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  • author's profile photo Former Member
    Former Member
    Posted on Aug 15, 2009 at 05:07 AM

    Thanks man ..you are really an SAP Guru

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