Tax Parameters (tctax0100m000)Use this session to define the parameters that control how your company registers and reports tax amounts. Tax determination method In the Search Sequence Tax Libraries area, you must select these details:
Note You can only select Destination Sales Tax if the Destination Sales Tax Applicable check box is selected in the COM Parameters (tccom0000s000) session. Tax conditions In the Ignore as Tax Condition area, you can select a number of criteria to be ignored when the application determines the tax code and tax country. You can select these criteria:
Introduction Date The date and time when the parameters become effective. The
parameters are valid up to the effective date of a more recent parameter
setting. By default, this field displays the date and time when you changed and saved the parameter settings. Description The description of the parameter set. For example, you can
indicate why you change the parameters. Company The financial company for which the parameters are valid. In a multicompany structure, if this field is empty the parameters apply to all the financial companies. Standard Tax Handling Search Sequence Tax Libraries Tax Exempt Level The tax exemption setup method. Select Extended if you want to specify tax exemption certificates and exempt reasons, and if you set up destination sales tax with or without a tax provider. For details, refer to Tax exemption setup methods. Select Limited in these situations:
Search Sequence 1 The first method the application uses to determine the tax
code, the tax country, and the business partner's tax country of taxable
transactions. Select the method that applies to your transactions. For details, refer to Search Order Tax Defaults. If the application does not find the tax details with this method, the application continues the search according to the method selected in the Search Sequence 2 field. Performance aspects The setting of this field could affect system performance and database growth. For more information, refer to Unused concepts in Tax Handling. Search Sequence 2 The second method the application uses to determine the tax
code, the tax country, and the business partner's tax country of taxable
transactions. For details, refer to Search Order Tax Defaults. The application uses this method if no tax code and tax country are found with the method selected in the Search Sequence 1 field. If the application does not find the tax details with this method, the application continues the search according to the method selected in the Search Sequence 3 field. Performance aspects The setting of this field could affect system performance and database growth. For more information, refer to Unused concepts in Tax Handling. Search Sequence 3 The third method the application uses to determine the tax
code, the tax country, and the business partner's tax country of taxable
transactions. For more information, refer to Search Order Tax Defaults. The application uses this method if no tax code and tax country are found with the method selected in the Search Sequence 2 field. If the application does not find the tax details according to this method, the application continues the search according to the method selected in the Search Sequence 4 field. Performance aspects The setting of this field could affect system performance and database growth. For more information, refer to Unused concepts in Tax Handling. Search Sequence 4 The fourth method the application uses to determine the tax
code, the tax country, and the business partner's tax country of taxable
transactions. For more information, refer to Search Order Tax Defaults. The application uses this method if no tax code and tax country are found with the method selected in the Search Sequence 3 field. If the application does not find the tax details according to this method, the application continues the search according to the method selected in the Search Sequence 5 field. Performance aspects The setting of this field could affect system performance and database growth. For more information, refer to Unused concepts in Tax Handling. Search Sequence 5 The fifth method the application uses to determine the tax
code, the tax country, and the business partner's tax country of taxable
transactions. For more information, refer to Search Order Tax Defaults. The application uses this method if no tax code and tax country are found with the method selected in the Search Sequence 4 field. If the application does not find the tax details according to this method, the application continues the search according to the method selected in the Search Sequence 6 field. If the Search Sequence 6 field is not available, the application returns an error message. Performance aspects The setting of this field could affect system performance and database growth. For more information, refer to Unused concepts in Tax Handling. Search Sequence 6 The sixth method the application uses to determine the tax
code, the tax country, and the business partner's tax country of taxable
transactions. For more information, refer to Search Order Tax Defaults. The sixth method is only available if you set up destination sales tax. The application uses this method if no tax code and tax country are found with the method selected in the Search Sequence 5 field. If the application does not find the tax details according to this method, the application returns an error message. Performance aspects The setting of this field could affect system performance and database growth. For more information, refer to Unused concepts in Tax Handling. Options Tax Declaration Currency If required, specify Reporting Currency 1 or Reporting Currency 2. Default value Local Currency Use Tax Numbers of other Financial Companies If this check box is selected, and the tax country of a transaction
changes, the application can replace the tax number on the transaction. The
application can replace your tax number on, for example, order acknowledgements
and sales invoices with the tax number of the financial company in the new tax
country. If this check box is cleared, the application always retrieves your tax number from the financial company in the country of the sales office, purchase office, or service department of the order. BP Tax Number for Purchase Transactions is Mandatory If this check box is selected, the application registers always value
added tax on purchase orders if the business partner's tax number is not
available. If this check box is cleared, the application searches the tax code setup data to derive the tax code and calculate the tax amount, even if the business partner's tax number is not yet available. If you create a purchase order for a new business partner, you do not know the business partner's tax number until you receive the purchase invoice. To avoid tax registration for such purchase orders, you can clear this check box. Allow Simplified Triangulation between Own Entities If this check box is selected, the application uses the ICT ABC Transactions tax code for triangular trade transactions between enterprise units of your company. If you select the Use Tax Numbers of other Financial Companies check box, you can select this check box. In situations in which the simplified triangular trade procedure applies, your organization does not have to be registered for tax in the country of the customer. You can define the ICT ABC Transactions tax code in the Tax Handling (tctax0138m000) session. Tax Number Webservice URI The "internal" webservice location associated with the tax number. Fiscal ID Webservice URI The "internal" webservice location associated with the fiscal ID. Update Direct Delivery Sales Order Tax If this check box is selected, the application updates the tax data of
a direct delivery sales order based on the tax data of the corresponding
purchase order. If you select this check box, if you change the tax data of the purchase order, the application automatically changes the tax data of a related sales invoice. You can select this data:
You can define the ICT ABC Transactions tax code in the Tax Handling (tctax0138m000) session. Important! This field only applies to transactions within the European Union. Performance aspects The setting of this field could affect system performance and database growth. For more information, refer to Update direct delivery sales order tax Tax Rounding Default value Not Applicable Note
Aggregate Tax Aggregate Tax Implemented If this check box is selected,... Number of Layers Specify the number of layers to be considered. Tax Exception Modeling Tax Exception Lookup Sequence Lookup Sequence 1 Use this field to indicate the order in which the
application must retrieve tax exceptions. Lookup Sequence 2 Use this field to indicate the order in which the
application must retrieve tax exceptions. Lookup Sequence 3 Use this field to indicate the order in which the
application must retrieve tax exceptions. Ignore as Tax Condition Delivery Terms If this check box is selected, you cannot use the delivery terms as a
criterion for tax exceptions in the Tax Exceptions by Country (tctax1100m000) and the Tax Exceptions by Country Set (tctax1101m000) sessions. Department If this check box is selected, you cannot use the department as a
criterion for tax exceptions in the Tax Exceptions by Country (tctax1100m000) and the Tax Exceptions by Country Set (tctax1101m000) sessions. Item If this check box is selected, you cannot use the item as a criterion
for tax exceptions in the Tax Exceptions by Country (tctax1100m000) and the Tax Exceptions by Country Set (tctax1101m000) sessions. Options Step Size for Tax Exceptions The number by which the application increases the generated
line numbers in the Tax Exceptions by Country (tctax1100m000) and the Tax Exceptions by Country Set (tctax1101m000) sessions.
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