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VAT Declaration

You can use this feature to generate Value-added tax (VAT) return on your purchases using the Run Advanced Compliance Reports app.

This feature provides information on the VAT payable to the tax authorities for a reporting period. It generates VAT payable/refundable based on the difference of output tax and input tax. It provides information on the base amount and tax amounts for local purchases, local sales, as well as imported purchases and sales, and calculates the total tax payable after considering any adjustments and deductible taxes.

Technical Details

Product Feature is

New

Country Dependency

Valid for South Africa

Application Component

FI-LOC-FI

Availability

SAP S/4HANA 1709 FPS01

Effects on Customizing

  • Assign the reporting parameters for the reporting entity RZA_RP_ENT using the Customizing for Financial Accounting(New) under SAP S/4HANA for Start of the navigation pathAdvanced Compliance Reporting Next navigation step Setting Up Your Compliance Reporting.End of the navigation path

  • Assign time-dependent tax group versions using the Customizing for Financial Accounting (New) under Start of the navigation pathGeneral Ledger Accounting (New)  Next navigation step Periodic Processing Next navigation step Report Next navigation step Sale/Purchase Tax Returns Next navigation step Assign Tax Group Version Time-DependentEnd of the navigation path

  • Define grouping for tax base amounts using the Customizing for Financial Accounting (New) under Start of the navigation pathGeneral Ledger Accounting (New)  Next navigation step Periodic Processing Next navigation step Report Next navigation step Sale/Purchase Tax Returns Next navigation step Group Tax Base BalancesEnd of the navigation path

    Specify the country key and tax grouping version as ZA and SVAT respectively.

  • Define grouping for tax amounts using the Customizing for Financial Accounting (New) under Start of the navigation pathGeneral Ledger Accounting (New) Next navigation step Periodic Processing Next navigation step Report Next navigation step Sale/Purchase Tax Returns Next navigation step Group Tax BalancesEnd of the navigation path

    Specify the country key and tax grouping version as ZA and SVAT respectively.

See Also

For more information, look for the section Advanced Compliance Reporting for South Africa in the product assistance under http://help.sap.com/s4hana_op_1709_001.