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Reply from SanathKumarReddy on Mar 14 at 10:54 PM I1 – Sales input taxes: used mainly during Purchase Orders, Invoice Verification and Accounts Payable
I0 – Sales exemption input taxes: used mainly during Purchase Orders, Invoice Verification and Accounts Payable for (ship-to location and/or material) exempt transactions
O1 – Sales output taxes: used mainly during Sales Orders, Billings and Accounts Receivable
O0 – Sales exemption output taxes: used mainly during Sales Orders, Billings and Accounts Receivable for (customer and/or material) exempt transactions
U1 – Use input taxes: used mainly during Purchase Orders, Invoice Verification and Accounts Payable
Note
The above tax code names are just SAP convention names. Users can also create new tax codes, if necessary, such as for different product codes.
| | | ---------------Original Message---------------
From: Kunehoman
Sent: Thursday, March 06, 2014 9:25 AM
Subject: US Tax SAP Configuration
Dear Experts,
I'm an enduser using F-43 and I want to know if we have materials that shows the best practices in US tax SAP Configuration?
Currently we have tax code u1 (self-assessed), u0 ( tax exempt) and u3
Actually we don't know the exact percentages of these tax codes, and I suspect it's not working as expected. |
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