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RE-FX, Loc. for Czech Rep., Hungary, Netherlands, Slovakia Locate this document in the navigation structure

 

Technical Data

Technical Name of Business Function

FIN_LOC_CI_6

Type of Business Function

Enterprise Business Function

Available From

SAP enhancement package 5 for SAP ERP 6.0

Technical Usage

Central Applications

Application Component

Real Estate Localization Czech Republic (RE-FX-LC-CZ)

Real Estate Localization Hungary (RE-FX-LC-HU)

Real Estate Localization Netherlands (RE-FX-LC-NL)

Real Estate Localization Slovakia (RE-FX-LC-SK)

Required Business Function

Financials Extension (EA-FIN)

You can use this business function to meet legal and business requirements in the Flexible Real Estate Management (RE-FX) component for the Czech Republic, Hungary, the Netherlands, and Slovakia.

Integration

Prerequisites

  • You have installed the following components as of the version mentioned:

    Type of Component

    Component

    Is Needed Only for the Following Features

    Software Component

    EA-APPL 605, SAP_APPL 605

  • To use the functions in the area of Flexible Real Estate Management for the Czech Republic, Hungary, the Netherlands, and Slovakia, you have activated the Financials Extension (EA-FIN) Enterprise Extension. For more information, see Financials Extension (EA-FIN).

Features

The business function contains the following functions:

Functions for the Czech Republic

To meet the legal requirements for property tax calculation and property tax reporting in the Czech Republic, you use the new functions for:

  • Downloading key lists from the Web site of the Ministry of Finance

  • Calculating the property tax (including building tax and land tax), and generating the ordinary, supplementary, or correction tax return with the property tax cockpit

  • Posting the accruals on a monthly basis and installment payments

For more information, see Property Tax.

Functions for Hungary

To meet the legal requirements and business practices for real estate periodic posting and invoicing in Hungary you use the new functions for:

  • Identification and creation of correction invoices and reversal invoices

  • Determination of the fulfillment date in posting and invoicing

  • Copy numbering of invoices

  • Processing of one-time business transactions

  • Processing of service charge settlement

For more information, see Hungary.

Functions for the Netherlands

The new localization for the social housing sector adds the following country-specific functions to the standard:

  • Flexible maintenance of fixture/fitting points

  • Calculation and adjustment of the average in rent adjustments according to the Dutch requirements (Huurbeleid)

  • Automatic calculation of subsidizable rents (Huurtoeslag)

  • Reporting of subsidizable rents

For more information, see Rent Adjustment and Subsidizable Rent.

Functions for Slovakia

To meet the legal requirements for property tax calculation and reporting in Slovakia, you use the new functions for:

  • Calculating the property tax (including building tax, land tax, and apartment tax), and generating the ordinary, supplementary, or correction tax return with the property tax cockpit

  • Posting costs, liabilities, and installment payments in accordance with the local municipal regulations

  • Year-end closing

For more information, see Property Tax.