| # To set up tax registration To set up tax registration in ERP LN consists of the following steps: Define the necessary data, as described in Tax registration prerequisites. Define the tax codes by country for the home country of the financial company, as described in To set up tax codes by country. This includes the posting data for the tax amounts. For consumption tax, enter the details as described in Consumption tax. Define the tax rates as described in To set up the tax rates. Assign default tax codes to items and departments as applicable, as described in To define default tax codes. If necessary, define tax code exceptions as described in To define tax exceptions. For each business partner in an EU member country, enter the tax number in the Tax Numbers by Business Partner (tctax4100m000) session. If you must register and declare withholding tax, set up withholding tax registration as described in To set up withholding tax and social contributions. For transactions that must be reported for taxation in a foreign country, you must set up a tax number in the country in which you do business, as decribed in Tax registration in a foreign country. If you must pay stamp tax on trade notes, perform the steps described in To set up stamp tax. Test the tax model as described in To test the tax model. Make the necessary adjustments and repeat the tests. Note If you do not want to use the ERP LN tax functionality, you must perform the steps described in To deactivate the tax functionality. Related topics Overview of tax handling Tax registration prerequisites To set up tax codes by country To set up the tax rates To define default tax codes To define tax exceptions To set up stamp tax Tax codes for freight orders To set up withholding tax and social contributions Tax registration in a foreign country To test the tax model To deactivate the tax functionality |