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TAX CODE

I WANT OPEN A NEW TAX CODE VAT 4 + 1 . HOW CAN I DO ?

I WANT ALL INFORMATION ABOUT TAX CODE HOW TO CREATE ?

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3 Answers

  • Posted on Sep 25, 2011 at 12:50 PM

    Hi,

    Before creating tax code, you should know tax properties like such as tax is a input tax or output tax and tax rate and associated condition type/types to create it.

    Check details about tax code for creation with linkS:

    http://wiki.sdn.sap.com/wiki/display/ERPFI/CreatingTaxCodes

    http://www.erpgenie.com/fico/what-are-the-sap-tax-procedures-to-configure

    http://www.docstoc.com/docs/84452522/FTXP

    Regards,

    Biju K

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  • Posted on Sep 25, 2011 at 04:26 PM

    Hi,

    You should first create a Tax code through t-code FTXP aginst your company code and assign the desired percentage in vat condition.

    Then you have to goto t-code FV11 and maintain the desired condition record against your condtion type.

    Then try to effect the same in PO.

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  • author's profile photo Former Member
    Former Member
    Posted on Sep 25, 2011 at 05:01 PM

    hi

    For tax code creation

    1) go to FTXP create tax code for input tax

    2) Maintain condition for tax in Fv11

    3) assign tax code to company code

    4) If non deductible tax Assigned particular gl In OB40

    5) Maintain J1ID for particular material.

    After maintaining all these your tax code will successfully work.

    Regards

    sangita

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