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Object documentationTax Exemption Letter Locate this document in the navigation structure

 

Tax exemption letters are relevant for business partners who are tax liable.

Example Example

If your company exports or imports goods, you can be exempted from tax for a certain period of time and for a certain number of transactions.

You are required to send a letter regarding your tax exemption to your vendors, and to handle the tax exemption letters you receive from your customers:

  • Vendors receive tax exemption letters from companies. During the valid period of time or under the specified amount, vendors invoice companies without tax.

  • Companies receive tax exemption letters from their customers. During the valid period of time or for sums under the specified amount, companies can invoice customers without including tax.

End of the example.
Tax Exemption Letter Fields
Letter Number

Specify the number of the tax exemption letter.

Max. Amount

Specify the maximum amount of exemption per year.

Note Note

The value you specify is informative only and has no effect on calculations made by SAP Business One.

End of the note.
Valid Date From...To...

Specify the validity period of the tax exemption letter.