This SAP article will guide you all about “How to Create Tax Codes in SAP” step by step with screenshots.
Steps to Create Tax Codes in SAP
SAP IMG Path:– SPRO > SAP Reference IMG (F5) > Financial Accounting > Financial Accounting Global Settings > Tax on sales/purchase > Calculation > Define tax codes for sales and purchases
Transaction Code:– FTXP
Step 1:- Click on “Define tax codes for sales and purchases”
Step 2:- Enter country key and press enter to continue
Step 3:- Enter new tax code in the tax code field and enter
Step 4:- Update the following data.
- Update the description of tax code
- Enter tax type i.e V is for Input Tax and A is for output tax
Step 5:- Enter tax rate in the tax.percent.rate field
Step 6:- Choose save icon to save the data.
Now, we have successfully done with “How to Create Tax Codes in SAP”.
How to Create Tax Codes in SAP
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