Tax on Sales and Purchases, Resumos de Programação Funcional

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Tax on Sales and Purchases

Detailed Configuration

Tax on Sales and Purchases

Tax is calculated from expenses or revenues, which is a base amount. A base amount may include cash discount or not. If it includes it is a net base amount otherwise it is gross amount. It varies from country to country. To determine the base amount, whether to include cash discount or not, set the indicator in basic settings of taxes on sales/purchases. You can use the SAP System to manage various types of tax according to the legal requirements of a country or a region. The Financial Accounting components Accounts Receivable (FI-AR), Accounts Payable (FI/AP), and General Ledger provides the following comprehensive tax functions: Tax calculation: The system calculates tax amounts with or without cash discount based on the tax base amount. Tax posting: The system posts the tax amounts to defined tax accounts. Adjustments: The system corrects tax amounts, in the case of cash discount or other deductions, for example. Tax reporting: You can use the system to create tax returns. Taxes on sales and purchases are levied on every sales transaction in accordance with the principles of VAT. This applies to input and output tax, for example. Input tax is calculated using the net invoice amount and is charged by the vendor. Output tax is calculated using the net price of products and is charged to the customer. Taxes on sales and purchases are levied on every sales transaction in accordance with the principles of VAT. This applies to input and output tax, for example. Input tax is calculated using the net invoice amount and is charged by the vendor. Output tax is calculated using the net price of products and is charged to the customer. Companies can offset input tax against output tax, paying the balance to the tax authorities. Tax authorities can set a nondeductible portion for input tax which cannot then be claimed from the tax authorities. The Accounts Receivable, Accounts Payable, and General Ledger application components support the calculation and posting of tax as follows:

• The tax amount can be determined upon request
• The tax amount is checked by the system at document level

not be accessed if this field is left empty. After the data release has been printed, if the field has not been completed manually, the proposal is automatically taken from Customizing. After this it is no longer possible to make manual changes. If you use different calculation types for what are otherwise the same conditions (for example, percentage, as a fixed amount or quantity-dependent), you do not have to define different condition types in Customizing. You can set a different calculation type when maintaining the individual condition records. Condition Types in the Standard Version of the SAP System The standard system includes, among many others, the following predefined condition types: Condition type Description PR00 Price K004 Material discount K005 Customer-specific material discount K007 Customer discount K020 Price group discount KF00 Freight surcharge (by item) UTX1 State tax UTX2 County tax UTX3 City tax Condition type Structure: What calculation the system carries out in that step depends on the following control indicators:

• Access sequences
• Condition class
• Calculation type
• Condition category Access Sequences: An access sequence is a search strategy that the system uses to find valid data for a particular condition type. It determines the sequence in which the system searches for data. The access sequence consists of one or more accesses. The sequence of the accesses establishes which condition records have priority over others. The accesses tell the system where to look first, second, and so on, until it finds a valid condition record. You specify an access sequence for each condition type for which you create condition records.

The access sequence enables the system to access the data records in a particular sequence until it finds a valid price or value Condition class: This is Preliminary structure of condition types. It determines whether condition type is Discount or surcharge, Taxes, Prices Etc. Calculation type: Determines how the system calculates prices, discounts, or surcharges in a condition. For example, the system can calculate a price as a fixed amount or as a percentage based on quantity, volume, or weight. The calculation type can be set when generating new condition records. If this does not happen, the calculation type maintained here is valid for the condition record. Condition category: A classification of conditions according to pre-defined categories (for example, all conditions that relate to freight costs). PATH: SPRO→ Financial Accounting (New) Financial Accounting Global Settings (New)→ Tax on Sales/Purchases→ Basic Settings→ Check Calculation Procedure. Enter tcode OBYZ.

Press New entries. In the below screen maintain parameters like Condition type, Condition class, Calculation type, Condition Category , Access sequence and click on save.

The Condition type is saved successfully.

Click on create. Enter G/L Account and Company code. Press continue.

In Type/Description tab enter mandatory fields. Press control data and provide required fields.

Create G/L Account for Output tax allowed. Enter G/L Account and company code Press with template. Enter Reference G/L Account and company code.

In type/description tab, only change description The remaining entries have same.

The G/L Account was created successfully.

Step 2: Define Tax Procedure A calculation procedure is defined for each country, each containing the specifications required to calculate and post tax on sales/purchases. Each calculation procedure contains several tax types, which are called condition types in the procedure. Enter SPRO

Expand Financial accounting < Financial Accounting Global Settings < Tax on Sales/Purchases Basic settings < check calculation procedure or use OBYZ tcode

Double click on define procedure. Click on New Entries.