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Answer Posted / rsr
Section Code
A system object that represents the organizational unit
responsible for collecting and remitting withholding tax, as
identified by a TAN.
Each company can have more than one TAN, so in the SAP
system, a company code can also have multiple section codes.
TAN stands for "tax account deduction number."
Business Place
An organizational unit in SAP R/3 that represents a VAT
registration of your company. If your company has offices
across South Korea, for example, one in Seoul and one in
Pusan, each office registers separately with its district
tax office, and is assigned a separate VAT registration number.
Each business place has to prepare its own VAT returns and
withholding tax returns.
RSR
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