What do you have to do in the system to comply?
a. Change the tax percentage for
input and output tax codes to 18%
b. Create new tax codes with the
18% percentage for input and output tax
c. Create new tax codes with the
18% percentage for input tax
d. Change the tax percentage for
existing input tax codes to 18%
Which is the correct answer?
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Answers:
1)
Menu path: Display IMG -> Financial Accounting -> Financial Accounting Global Settings -> Tax on Sales/Purchases -> Basic Settings:
- Check Calculation procedure - T-code: OBYZ
- Assign Country to Calculation procedure - T-code: OBBG
- Check and change settings for Tax processing - T-code: OBCN
- Define Tax codes for Sales and Purchases - T-code: FTXP
- Assign Company code to Document date for Tax determination - T-code: OBCK
- Specify Base amount - T-code: OB69
- Define Tax Accounts - T-code: OB40
- Assign Tax codes for Non-taxable Transactions - T-code: OBCL
