| To model tax exceptionsFor situations in which the derived tax code is incorrect, you
can define tax code exceptions. A tax code exception is a set of transaction
details for which you define a tax code and/or tax country and business partner
tax country other than the values that result from the standard tax code
derivation. For example, if you want to use a specific tax code for purchase
transactions with a specific tax classification or a specific ship-from country and
delivery terms, you can define a tax code exception. To define tax code exceptions, take the following steps: - In the Company Sets (tctax0170m000) session, define one or a number of financial company sets.
In the Companies by Company Set (tctax0171m000) session, add financial companies to the
company set. Ensure that each financial company belongs to only one financial
company set. To define the tax exceptions for a single financial company,
create a company set that contains only one company. -
For the financial company set, define the tax exceptions
in one of the following ways: - For individual countries, use the Tax Exceptions by Country (tctax1100m000) session.
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For a number of countries for which the same
exceptions apply, use the following sequence of sessions: Country Sets (tctax0120m000) Countries by Country Set (tctax0121m000) Add countries to the tax country group. Tax Exceptions by Country Set (tctax1101m000) Define the tax exceptions for the country group.
- In the Tax Parameters (tctax0100m000) session, ensure that you select Exceptions by Country in the Search Sequence 1 field.
- Use the Test Tax Model (tctax8100m000) session to test the resulting tax code and tax country
in various situations, and make the necessary adjustments.
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