Manage Tax Regimes

Introduction

A tax regime indicates how a customer is identified regarding its domestic business activity as a taxpayer.

Overview

You can setup the Tax regime in 'Tax Regime. Open' (CMS235).

The 'Tax regime' field exists on 'Customer. Open' (CRS610/J) and on 'Customer. Open Local Exception' (MFS610/E) that you can browse to select a tax regime from (CMS235). The setup of a tax regime is optional, its purpose is to use the tax regime on a customer as a control object in 'Tax Calculation Code Selection. Open' (CMS237) for selecting tax calculation codes. Tax calculation codes are used for calculation of withheld tax. See Manage Withheld Tax on Customer Invoices.