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Object documentation Tax on Sales/Purchases Locate the document in its SAP Library structure

Definition

See Structure link Taxes on Sales/Purchases, Sales Taxes, and Additional Taxes.

Use

In the Philippines, the main tax on sales and purchases is value-added tax (VAT). The standard rate of VAT is 10%.

When you create a company code using the template for the Philippines, the system automatically makes sample settings for VAT.

 

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