VAT Rates Data

This Model Table function is used to provide VAT rates data for the relevant company.

It defines the following fields:

• Company ID: You use this field to specify different values as insurance profitability and cost management is usually executed at controlling area level, which spans multiple companies and legal entities. This field is also available in reporting.

• Tax [%]: You use this field to define the tax rate that is going to be applied on each selling transaction.

• Fiscal Year/Period: You use this field to define the period that a company or government uses for accounting purposes and preparing financial statements.