In SAP, taxes on sales and purchases are levied on invoiced goods and services payable in accordance with the principles of VAT. This applies to input and output tax.
In this manual, following list of configuration steps are executed using Customizing settings in SAP:
- Step 1: Define Condition type [OBYZ]
- Step 2: Check and Change Settings for Tax Processing [OBCN]
- Step 3: Define Procedure [OBYZ]
- Step 4: Assign Country to Calculation Procedure [OBBG]
- Step 5: Define Tax Codes for Sales and Purchases [FTXP]
- Step 6: Create relevant G/L Accounts [FS00]
- Step 7: Define Tax Codes for Sales and Purchases [OB40]
- Step 8: Assign Tax Codes for Non-Taxable Transactions [OBCL]
Download – Tax on Sales & Purchases in SAP: Step by Step Configuration Guide