Scribd
Upload
1K views

Input and Output Tax Configuration SAP

Input tax is levied on purchases and output tax is levied on sales according to a country's tax procedures. In SAP, invoices can calculate tax on gross or net amounts. Configuring input and output tax in SAP involves defining calculation procedures, assigning countries, creating tax codes, and maintaining GL accounts and automatic postings.

Uploaded by

Ahmed Khan
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
1K views

Input and Output Tax Configuration SAP

Input tax is levied on purchases and output tax is levied on sales according to a country's tax procedures. In SAP, invoices can calculate tax on gross or net amounts. Configuring input and output tax in SAP involves defining calculation procedures, assigning countries, creating tax codes, and maintaining GL accounts and automatic postings.

Uploaded by

Ahmed Khan
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 7

NAZAR KHAN SAP FICO HNMPL

Input and Output Tax

Input tax (Purchase Tax) is levied on all types of purchases and output tax (Sales Tax) is
levied on all types of sales. Every country follow its own sales tax, purchase tax
procedure. In SAP when we post the Invoice we have the option to calculate the TAX
amount on Gross amount or a net amount of Invoice. There is a basic configuration for
Input and output Tax in SAP input Tax is on Purchases and Output is on Sales so Input
Tax become out Asset while Output Tax paid to Tax authorities is our Liability.

Configurations
1) Check Calculation Procedures
2) Assign country to Calculation Procedures
3) Define Tax Codes
4) Create GL Accounts
5) Maintain Automatic Postings

Procedure
Define Calculation Procedure
NAZAR KHAN SAP FICO HNMPL
NAZAR KHAN SAP FICO HNMPL

Assign Country to Calculation Procedure


NAZAR KHAN SAP FICO HNMPL

Define Tax Code

Tcode: FTXP
NAZAR KHAN SAP FICO HNMPL

Create G/L Accounts

FS00
NAZAR KHAN SAP FICO HNMPL

TAXCODE

TCODE OB40
NAZAR KHAN SAP FICO HNMPL

You might also like