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.
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).
The business function contains the following functions:
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.
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.
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.
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.