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How do you configure tax procedure settings and tax codes?
What all steps are involved?
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Answer Posted / hannah
Hi,
The steps to configure for Tax Procedure.
OBBG - Assign Country to calculation procedure.
OBCO - Specify structure for Tax Jurisdiction code. For
country like U.S.A.
LG -> character length of first level of hierarchy within
your tax jurisdiction code structure.
LG -> Second level of hierarchy as above.
LG -> Third level of hierarchy as above.
LG -> Fourth level of hierarchy as above.
TX -> Tick if you want the system to determine taxes on a
line by line basis instead of determining them on a
cumulative basis
per tax jurisdiction code.
OBCP - Define Tax Jurisdiction code
Dil -> Tick if you do not want tax amounts included in the
based amount used for calculating cash discounts.
Txl -> Tick if you want the cash discount amount deducted
from the base amount that is used to calculate taxes.
FTXP - Define Taxes on Sales/Purchases Code.
OBCL - Allow Tax codes for non-taxable transactions.
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