General prerequisites

Common prerequisites

For all types of tax, you must set up or define the following data:

• In the Implemented Software Components (tccom0100s000) session, select the Tax check box.
• In the Countries (tcmcs0510m000) session, define the Countries.
• In the General Company Data (tccom0102s000) session, the company's home country. If you select the EU Member State check box for the country in the Countries (tcmcs0110s000) session, LN knows that the company resides in a European Union country.
• In the Business Partner (tccom4100s000) session, define business partners with only the invoice-from and pay-to roles for the authorities to which you pay the tax or social contribution. You must select the Collection Office check box.
• In Financials, the ledger accounts and dimensions to which LN must post the tax amounts.