| To set up the tax ratesAfter you define and approve the tax codes, you can set up the
tax rates. Take the following steps: - In the Tax Handling (tctax0138m000) session, specify the default tax codes for domestic tax and for various kinds of import and export
transactions and freight orders for the home county of the financial company.
You must also select the default tax code for transactions that are exempt from
tax. If a tax code applies to a specific item, you can specify the item.
If you prefer, you can optionally link default tax codes
to items in the following sessions: - Items - Sales (tdisa0501m000)
- Items - Purchase (tdipu0101m000)
For more information, refer to Item Tax Codes. - In the Tax Parameters (tctax0100m000) session, select the order in which LN uses various
methods to determine the tax code and the tax country of taxable transactions.
- Optionally, use the Test Tax Model (tctax8100m000) session to check whether LN returns the correct
tax code, tax country, and tax rates in specific situations.
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Continue with Setting up a tax declaration. | |