Czech Republic 

Purpose

This country version is designed for use by businesses with operations in the Czech Republic. As well as the generic SAP system functions, it comprises functions designed for laws and business practices particular to the Czech Republic, 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.

For the latest, complete, version of this documentation, see the SAP Service Marketplace, under the quick link globalization ® Country Information ® Country-Specific Documentation.

Features

Country-Specific Functions

SAP ECC offers a number of features that are specifically designed to cover Czech legal requirements and business practices, mainly relating to accounting. The main areas are as follows:

·        Taxes

¡        The law requires you to quote your business partners’ DIC numbers and their ICO numbers in all business documents involving taxes, so you enter these numbers in the customer and vendor master records.

¡        Tax calculation for posting a simplified tax statement: The function is designed to post a simplified tax statement using a top-to-bottom calculation method that rounds up the coefficient to four decimal digits.

¡        When you enter a business document, the system tolerates differences between the VAT that you enter and the VAT that it calculates: Depending on the limit of difference no warning will appear.

¡        A special withholding tax statement is provided for the Czech Republic.

·        General Ledger(FI-GL)

Reports are included for preparing general purpose financial statements in the format required.

·        Accounts Payable(FI-AP) and Accounts Receivable (FI-AR)

¡        In line with Czech business practice, you can clear a down payment request when you enter a down payment.

¡        You can prepare a statement of payments made to sole proprietors, as required by the tax authorities.

·        In Asset Accounting (FI-AA), the system automatically:

¡        Posts gains or losses on asset retirements to different G/L accounts depending on the type of retirement

It also posts the correct turnover amount to the valuation reserve.

¡        Rounds up depreciation to the nearest koruna

¡        Prevents users from posting assets as low-value assets if the asset is worth too much to qualify as a low-value asset

¡        Calculates tax depreciation on modernization

The system comes with declining-balance and straight-line depreciation methods that comply with income tax laws.

·        Sales and Distribution(SD)

¡        The system prints the DIC and ICO numbers in billing documents. This data is taken from the business partner master records.

¡        It automatically rounds invoices to be paid in cash to the nearest 50 haleru.

Country Template

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