Use

The relevant tax rate is taken into consideration in the PO automatically. The tax rate is derived from the key in the Taxes field in the relevant PO item.

The tax code is suggested at the time of invoice verification. You can thus check the vendor’s net price when the invoice is received.

Non-deductible tax portions are displayed in the conditions and taken into account in material valuation.

During the price determination process, it is possible to have the system find the relevant tax code via the conditions. This is useful, for example, if different tax rates apply, depending on whether a material is taken into stock or consumed directly.

You can determine how the tax amount was calculated in the item conditions from within a PO, a quotation, or an outline agreement.

Activities

To display the calculation of the tax amount, proceed as follows: (This function can only be performed in the case of items having a valid tax key.)

The system lists all amounts and condition types included in the calculation of the tax amount. The condition types and their amounts are determined from the tax calculation schema defined for your country in Customizing.

The base amount, from which the individual tax amounts are deducted, represents the net value of the item.