Setting up tax registration

To set up tax registration:

1. Specify the required data, as described in Tax registration prerequisites.

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

   For consumption tax, specify details as described in Consumption tax.

3. Specify 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 Defining tax exceptions.
6. For each business partner in an EU member country, specify the tax number in the Steuer-ID-Nummern nach Handelspartner (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 described in Tax registration in a foreign country.
9. If you must pay stamp tax on trade notes, perform the steps described in Stamp tax.
10. Test the tax model as described in Testing the tax model.
11. Make any adjustments and repeat the tests.