| Tax Handling (tctax0138m000) |  |
| Use this session to specify the default tax codes for various kinds of import and export transactions for a financial company in various countries. If you use the Limited method to set up tax exemptions, you must also select the default tax code for transactions that are marked as being exempt from tax. If a tax code applies to a specific item, you must specify the item. If you leave the Item field empty, ERP LN applies the tax code to all the items for which you do not define specific tax codes. Select the check boxes for the types of tax for which you want to select a tax code, and next, select the tax codes. If your company's home country is a European Union member country, you can specify default tax codes for the various types of ICT transactions. Related topics To define default tax codes Value added tax (VAT) To set up tax registration To set up tax exemptions
Fields | Description
Financial Company | The financial company for which you define or maintain the tax codes.
Country | The country for which you can add or change the tax codes. You must first assign tax codes to the country in the Tax Codes by Country (tcmcs0536m000) session.
EU Member State | If this check box is selected, the country is a member state of the European Union. ERP LN applies the tax rules for EU member states to calculate the tax. You can mark a country as an EU member state in the Countries (tcmcs0110s000) session.
Item | The item to which specific the tax codes apply in the country. If a tax code applies to a specific item, you must specify the item. ERP LN applies the tax codes with an empty item field to all the items for which you do not enter a specific tax code.
Tax Code for No Tax | The tax code used for transactions that are not taxable. You must select a tax code. You cannot create transactions with an empty or blank Tax Code field.
Domestic Sales | To select a tax code for domestic VAT on sales transactions, select this check box.
Domestic Sales | The tax code for domestic VAT tax on sales transactions.
ICT Sales | To select a tax code for intracommunity transactions (ICT) tax on sales transactions, select this check box.
ICT Sales | The tax code of the intracommunity transactions (ICT) tax on sales transactions.
ICT ABC Transactions | To select a tax code for intracommunity transactions (ICT) tax on triangular trade transactions, select this check box.
ICT ABC Transactions | The tax code for intracommunity transactions (ICT) tax on triangular trade transactions.
ICT Own Goods Movement Sales | To select a tax code for own goods movements on sales transactions, select this check box.
ICT Own Goods Movement Sales | The tax code for own goods movements that cross country borders within the European Union. The sold-to and ship-to business partners of such transactions are either internal business partners or affiliated company business partners.
Export | To select a tax code for export tax on sales transactions, select this check box.
Export | The tax code of the export tax.
Export (Special) | To select a tax code for export transactions to which a special tax rate, or no tax, applies, select this check box.
Export (Special) | The tax code for export transactions to which a special tax rate, or no tax, applies.
Exempt Sales | To select a tax code for export transactions to which a special tax rate, or no tax, applies, select this check box.
Exempt Sales | The tax code for sales transactions that are exempt from tax.
Domestic Service | To select a tax code for field service transactions in the company's home country, select this check box.
Domestic Service | The tax code for field service transactions in the company's home country.
ICT Field Service | To select a tax code for export transactions to which a special tax rate, or no tax, applies, select this check box.
ICT Field Service | The tax code for field service transactions in member countries of the European Union other than the company's home country. The company's home country must also be a member country of the European Union.
ICT Maintenance Sales | To select a tax code for maintenance sales orders in other EU member countries, select this check box.
ICT Maintenance Sales | The tax code for maintenance sales orders in member countries of the European Union other than the company's home country, and for depot repair if the goods on which maintenance is performed cross the border to another European Union member country. The company's home country must also be a member country of the European Union.
ICT Service Calls | To select a tax code for service calls in other EU member countries, select this check box.
ICT Service Calls | The tax code for service calls in member countries of the European Union other than the company's home country. The company's home country must also be a member country of the European Union.
ICT Service Contracts | To select a tax code for service contracts in other EU member countries, select this check box.
ICT Service Contracts | The tax code for service contracts in member countries of the European Union other than the company's home country. The company's home country must also be a member country of the European Union.
Export Field Service | To select a tax code for field service activities in other EU member countries, select this check box.
Export Field Service | The tax code for field service activities performed in countries other than the company's home country.
Export Maintenance Sales | To select a tax code for maintenance sales orders in other EU member countries, select this check box.
Export Maintenance Sales | The tax code for maintenance sales orders in countries other than the company's home country and for depot repair if the goods on which maintenance is performed cross the border to countries outside the European Union.
Export Service Calls | To select a tax code for service calls in other countries, select this check box.
Export Service Calls | The tax code for service calls in countries other than the company's home country.
Export Service Contracts | To select a tax code for service contracts in other countries, select this check box.
Export Service Contracts | The tax code for service contracts in countries other than the company's home country.
Exempt Service | To select a tax code for service transactions that are exempt from tax, select this check box.
Exempt Service | The tax code for service transactions that are exempt from tax.
Domestic Purchase | To select a tax code for domestic VAT on purchase transactions, select this check box.
Domestic Purchase | The tax code for domestic VAT on purchase transactions.
ICT Purchase | To select a tax code for intracommunity transactions (ICT) on purchase transactions, select this check box.
ICT Purchase | The tax code of the intracommunity transactions (ICT) tax on purchase transactions.
ICT Own Goods Movement Purchase | To select a tax code for own goods movements on purchase transactions, select this check box.
ICT Own Goods Movement Purchase | The tax code for own goods movements that cross country borders. The buy-from and ship-from business partners of such transactions are either internal business partners or affiliated company business partners.
Import | To select a tax code for import tax on sales transactions, select this check box.
Import | The tax code of the import tax.
Import (Special) | To select a tax code for import transactions to which a special tax rate, or no tax, applies, select this check box.
Import (Special) | The tax code for import transactions to which a special tax rate, or no tax, applies.
Exempt Purchase | To select a tax code for purchase transactions that are exempt from tax, select this check box.
Exempt Purchase | The tax code for purchase transactions that are exempt from tax.
Domestic Freight | To select a tax code for domestic freight orders, select this check box.
Domestic Freight | The tax code for domestic freight orders.
Freight ICT Sales | To select a tax code for freight (ICT) sales orders, select this check box.
Freight ICT Sales | The tax code for freight (ICT) sales orders.
Freight ICT Purchase | To select a tax code for freight (ICT) purchase orders, select this check box.
Freight ICT Purchase | The tax code for freight (ICT) purchase orders.
Exempt Freight Sales | To select a tax code for freight sales orders that are exempt from tax, select this check box.
Exempt Freight Sales | The tax code for freight sales orders that are exempt from tax.
Exempt Freight Purchase | To select a tax code for freight purchase orders that are exempt from tax, select this check box.
Exempt Freight Purchase | The tax code for freight purchase orders that are exempt from tax.
Project Tax | To select a tax code for projects, select this check box.
Project Tax | The default tax code for projects.