Tax Handling (tctax0135m000)

Use this session to specify the default tax codes for various kinds of import and export transactions for a financial company in various countries.

If you use the Limited method to set up tax exemptions, you must also select the default tax code for transactions that are marked as being exempt from tax.

If a tax code applies to a specific item, you must specify the item. If you do not specify the Item, LN applies the tax code to all the items for which you do not define specific tax codes.

Note: 
  • If the Extended Tax Configuration field in the Tax Parameters (tctax0100m000) session is set to:
    • Inactive, you cannot access this session.
    • In Preparation, you can access this session and set up the default tax data. However, LN does not consider this data for defaulting.
    • Active, you can access this session and set up the default tax data. LN considers this data for defaulting.
  • If the company's home country is a European Union member country, you can specify default tax codes for the various types of ICT transactions.

Field Information

Financial Company

The financial company for which the tax data is defined or maintained.

Note: You can select a company only if the Company Type field is set to Financial or Both in the Companies (tcemm1170m000) session
Description

The description or name of the code.

Country

The country for which default tax data is set up.

Description

The description or name of the code.

EU Member State

If this check box is selected, the country is a member state of the European Union. LN applies the tax rules for EU member states to calculate the tax.

Note: You can mark a country as an EU member state in the Countries (tcmcs0110s000) session.
State/Province

The code of the state for which the tax data is applicable.

Note: 
  • This field is displayed only if the Jurisdiction at State/Province Level check box is selected for any financial company in the Tax Parameters (tctax0100m000) session and the Tax Parameters by Country (tctax0101m000) sessions.
  • This field is applicable only if the Jurisdiction at State/Province Level check box is selected in the Tax Parameters (tctax0100m000) session and the Tax Parameters by Country (tctax0101m000) sessions, for the Financial Company and the Country specified in this session.
Description

The description or name of the code.

Goods and Service Category

The category of goods and service.

Note: 
  • This field is displayed only if the Jurisdiction at State/Province Level check box is selected for any financial company in the Tax Parameters (tctax0100m000) session and the Tax Parameters by Country (tctax0101m000) sessions.
  • This field is applicable only if the Jurisdiction at State/Province Level check box is selected in the Tax Parameters (tctax0100m000) session and the Tax Parameters by Country (tctax0101m000) sessions, for the Financial Company and the Country specified in this session.
Description

The description or name of the code.

Tax Origin

The origin of the default tax data.

Allowed values

Goods
Service
Not Applicable
Maintenance Sales
Service Call
Service Contract
Freight
All
Note: 

  • If the Kind of Tax Transaction field is set to:

    • No Tax, this field can only be set to All.
    • Advance Invoice, this field can only be set to a value other than Service Call Service Contract and Freight.
  • This field can be set to Freight only if the Freight Management (FM) check box is selected in the Implemented Software Components (tccom0100s000) session.
  • This field can be set to Maintenance Sales, Service Call or Service Contract only if the Service (TS) check box is selected in the Implemented Software Components (tccom0100s000) session.
Kind of Tax Transaction

Indicates the type of the tax transaction.

Allowed values

User Defined
Export (Special)
Import
Import (Special)
Exempt
Advance Invoice
No Tax
Not Applicable
Domestic
ICT
ICT Own Goods
Triangular Trade (ABC)
Export
Intrastate
Interstate
Note: 

This field can be set to:

  • Domestic only if the Interstate / Intrastate Tax Codes check box is cleared for the Country in the Tax Parameters by Country (tctax0101m000) session.
  • Interstate only if the Interstate / Intrastate Tax Codes check box is selected for the Financial Company in the Tax Parameters by Country (tctax0101m000) session.
  • Intrastate only if the Interstate / Intrastate Tax Codes check box is selected for the Country and the Financial Company in the Tax Parameters by Country (tctax0101m000) session.
  • ICT, ICT Own Goods or Triangular Trade (ABC) only for the EU countries.
  • A value other than Advance Invoice if the Tax Origin field is set to Service Call, Service Contract or Freight.
  • No Tax only if the Tax Origin field is set to All.
Sales Tax Code

The default sales tax code.

Description

The description or name of the code.

Purchase Tax Code

The default purchase tax code.

Note: 

This field is enabled only if the Kind of Tax Transaction field is set to a value other than Advance Invoice.

This value is defaulted from the Sales Tax Code field if the Kind of Tax Transaction field is set to No Tax.

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