Tax Tables (TX01.2)
Use Tax Tables (TX01.2) to define optional tax tables for tax codes with a tax type of T (Tax Table Code). Before you can define a tax table, you must define tax codes using TX01.1 (Tax Code Master). Tax tables are used if you need to apply more than one tax code to the same transaction (calculate a tax on another tax). For each tax code, you define an effective date and decide what the effect will be on the taxable amount for the next tax code in the table.
Processing Effect
When the application applies a tax table to a transaction, it uses the most recent effective date before the transaction date to determine which tax table to apply.
Tax tables have no tax rates assigned to them. Each member tax code has its own rate assigned to it. You assign tax rates to tax codes using TX03.1 (Tax Rate).