Tax Parameters by Country (tctax0101m000)

Use this session to define the country specific tax parameters.

Note: This session is accessible only if the Registration by Tax Country is set to Inactive in the Global Registration Parameters (tctax2100m000) session.

Field Information

General

Introduction Date: The date and time when the tax parameters are effective.
Description: The description or name of the code.
Financial Company: The financial company for which the parameters are defined.
: The description or name of the code.
Country: The tax country for which the parameters are defined.
Description: The description or name of the code.

Tax Reporting

Tax Reporting Currency

The currency in which the tax reporting is processed for the specific tax country. If not specified, the local / reporting currency is used for tax reporting.

Note:

This field is displayed only if the Registration by Tax Country is set to Active or In Preparation in the Global Registration Parameters (tctax2100m000) session.
LN follows this search sequence to default the value:
1. Currency from Countries session. OR
2. Tax reporting currency specified in the Tax Parameters (tctax0100m000) session. OR
3. Local currency of financial company.
You cannot modify this value in case billable lines, invoices, interim tax table or tax analysis related transactions are available for the defaulted tax reporting currency.

The description or name of the code.

Tax Reporting Rate Type

The exchange-rate type used for converting non-national currency invoices to tax reporting currency invoices.

Note:

You can only specify the exchange-rate type of the tax currencies for which the Used for Tax Reporting check box is selected in the Exchange Rate Types (tcmcs0140m000) session.
This field is applicable only if:
- The Registration by Tax Country is set to Active or In Preparation in the Global Registration Parameters (tctax2100m000) session.
- The tax reporting currency is not a home currency of the financial company.
When the Tax Reporting Currency of the country is same as specified in the tax parameter session, the value in this field is defaulted from the Tax Reporting Rate Type specified for the tax currency in the Tax Parameters (tctax0100m000) session.
You must specify a value in this field if the tax reporting currency is not a home currency for the financial company.
• You can modify this value. However, the changes are effective only for the new transactions.

The description or name of the code.

Manual Amount Adaption Tolerance

The percentage of tax amount that can be modified manually while processing the tax currency.

Tax Configuration

Jurisdiction at State/Province Level

If this check box is selected, the tax currency is configured at the state or province level.

Interstate / Intrastate Tax Codes

If this check box is selected, the tax currency is configured based on the interstate or intrastate tax codes.

Extended Tax Configuration

Indicates the status of the extended tax functionality.

Allowed values

Inactive: The initial status of the concept. The activation process has not yet started.
In Preparation: The preparation stage of the master data and parameter setup of the concept has started.
Enterprise Model in Preparation: The preparation stage of the enterprise modeling data setup of the Sites concept has started.
Active: The concept is activated. The required master data is set up and validated, and the functionality of the concept is available for operational use.

Jurisdiction at State/Province Level

If this check box is selected, jurisdiction for tax configuration is applicable at state or province level.

Note: This field is enabled only if the Extended Tax Configuration field is set to In Preparation or Active.

Goods and Service Categories

If this check box is selected, the tax defaulting set up based on goods and service category is applicable.

Note:

This field is enabled only if the Extended Tax Configuration field is set to In Preparation or Active.
By default, the check box is selected.

Goods and Service Category Acquisition - Lookup Sequences

Goods: Use this field to indicate the order in which the application must retrieve purchase orders for which the tax currency calculation is processed.
Goods Acquisition Lookup Sequence 2: Use this field to indicate the order in which the application must retrieve purchase orders for which the tax currency calculation is processed.
Goods Acquisition Lookup Sequence 3: Use this field to indicate the order in which the application must retrieve purchase orders for which the tax currency calculation is processed.
Service: Use this field to indicate the order in which the application must retrieve sales orders for which the tax currency calculation is processed.
Goods Supply Lookup Sequence 2: Use this field to indicate the order in which the application must retrieve sales orders for which the tax currency calculation is processed.
Goods Supply Lookup Sequence 3: Use this field to indicate the order in which the application must retrieve sales orders for which the tax currency calculation is processed.

Goods and Service Category Supply - Lookup Sequences

Goods: Use this field to indicate the order in which the application must retrieve sales orders for which the tax currency calculation is processed.
Service Acquisition Lookup Sequence 2: Use this field to indicate the order in which the application must retrieve sales orders for which the tax currency calculation is processed.
Service Acquisition Lookup Sequence 3: Use this field to indicate the order in which the application must retrieve sales orders for which the tax currency calculation is processed.
Service: Use this field to indicate the order in which the application must retrieve sales orders for which the tax currency calculation is processed.
Service Supply Lookup Sequence 2: Use this field to indicate the order in which the application must retrieve service orders for which the tax currency calculation is processed.
Service Supply Lookup Sequence 3: Use this field to indicate the order in which the application must retrieve service orders for which the tax currency calculation is processed.
Service Supply Lookup Sequence 4: Use this field to indicate the order in which the application must retrieve service orders for which the tax currency calculation is processed.
Service Supply Lookup Sequence 5: Use this field to indicate the order in which the application must retrieve service orders for which the tax currency calculation is processed.