SAP takes care of tax calculation, tax postings, tax adjustments, and tax
reporting through the three FI components; namely GL, AP, and AR. The
processing of the following kinds of taxes is possible:
1. Tax on Sales
and Purchases
a. Input Taxes
(Purchase Tax)
b. Output Taxes
(Sales Tax)
2. Additional
Taxes (these are country specific and in addition to the tax on sales and
purchases)
3. Sales Tax
4. Withholding
Tax
a. Classic
Withholding Tax
b. Extended
Withholding Tax
SAP allows
taxation at three levels:
1. National
level or federal level (Europe, South Africa, Australia, etc.)
2. Regional or jurisdiction
level (USA)
3. National and
Regional level (India, Canada, Brazil etc.)
No comments:
Post a Comment