Setting up tax registration

To set up tax registration:

1. Define the necessary data, as described in Tax registration prerequisites.

2. Define the tax codes by country for the home country of the financial company, as described in To set up tax codes by country. This includes the posting data for the tax amounts.

   For consumption tax, enter the details as described in Consumption tax.

3. Define the tax rates as described in To set up the tax rates.
4. Assign default tax codes to items and departments as applicable, as described in Defining default tax codes.
5. If necessary, define tax code exceptions as described in To define tax exceptions.
6. For each business partner in an EU member country, enter the tax number in the Tax Numbers by Business Partner (tctax4100m000) session.
7. If you must register and declare withholding tax, set up withholding tax registration as described in Setting up withholding tax and social contributions.
8. For transactions that must be reported for taxation in a foreign country, you must set up a tax number in the country in which you do business, as decribed in Tax registration in a foreign country.
9. If you must pay stamp tax on trade notes, perform the steps described in To set up stamp tax.
10. Test the tax model as described in To test the tax model.
11. Make the necessary adjustments and repeat the tests.