Colombia 

Purpose

This country version is designed for use by businesses with operations in Colombia. As well as the generic SAP system functions, it comprises functions designed for laws and business practices particular to Colombia, and a country template to help you customize the system according to local requirements.

This documentation explains how the country-specific functions work and what Customizing settings are made by the country template. It does not cover the generic functions, which are described in the rest of the SAP Library.

Features

Country-Specific Functions

Most of the country-specific functions for Colombia relate to Financials. The main areas are as follows:

·        Colombian chart of accounts

·        Value-added tax

·        Withholding taxes

·        Inflation Accountingfor assets and financials

Country Template

To allow you to customize your Colombian company codes more quickly, you can use the Colombian country template in the Country Installation Program.