The tax country.
Tax Codes by Country (tcmcs0536m000)Use this session to list the tax codes linked to the country shown at the top of the session. You can maintain the tax code details in the Tax Codes by Country (tcmcs0136s000) session. Note If you have started this session by zooming, you can only find and select a record.
Country The tax country. Tax Code The tax code. State/Province The code for the state or province. State/Province The name of the state or province where the tax code is
applicable. Approved If this check box is selected, LN uses the
tax codes to calculate and report tax amounts for transactions that have the
group tax code. To approve a group tax code, select the tax code and on the appropriate menu, click Approve. Caution! Once you have approved the group tax code, you cannot unapprove it or change its data. Aggregate Tax If this check box is selected, the tax code is an aggregate tax code. Group Tax If this check box is selected, the tax code is a group tax code. Kind of Tax The kind of tax for which the tax code is defined. For details,
refer to Kinds of tax Tax Type Indicates when the tax obligation arises. For details, refer to VAT Type. Singular Tax If this check box is selected, the tax code refers to a
single tax percentage. One tax amount is calculated on the basis of one
percentage and posted to one Tax ledger account in the Financials package. You define the ledger accounts and dimensions for singular tax codes in the Posting Data for Singular Tax Codes (tfgld0571m000) session in Financials. If this check box is cleared, the tax code refers to a multiple tax percentage. Several lines can be defined which together constitute the total tax amount. Each tax line can be posted to a separate tax ledger account in the Financials package. You define the ledger accounts and dimensions for multiple tax codes in the Posting Data for Multiple Tax Codes (tfgld0570m000) session in Financials.
| |||