| Update Tax Rates by Tax Authority (tcmcs1201m000) |  |
| Use this session to update the tax rates for one tax authority. ERP LN updates the tax codes that are linked to the specified tax authority. The changes will take effect on the date that you specify. You can specify new values for: The tax rate The maximum tax amount The tax base amount The rate for excess amount Note If you have already specified a new tax rate for the tax authority with the same effective date and time this tax rate is replaced by the tax rate you specify here. Otherwise, the tax rates that you specify in this session are used from their effective date until a later effective date of another tax rate. Related topics Tax authorities
Fields | Description
Tax Authority | The tax authority for which you want to update the tax rates.
Tax Authority | The description or name of the code.
Tax Authority Group | The Tax Authority Group field to which the specified Tax Authority field belongs.
Effective Date |
New Rate | The new tax rate for the tax authority specified.
Maximum Tax Amount | The maximum tax amount for the tax authority specified. The combined tax amount calculated from the tax rate and the rate for excess amount is limited to the maximum tax amount.
Tax Base Amount | The tax base amount for the tax authority and tax rate specified. Note The tax rate specified will only be applicable up to the tax base amount. Any taxable amount above the specified tax base amount is taxed at the rate for excesss amount.
Rate for Excess Amount | The new rate for excess amount for the tax authority specified. If you have specified a tax base amount, you can specify a rate for excess amount. The rate for excess amount is applied if the taxable amount excedes the specified tax base amount.