Assign Tax Codes for Non-Taxable Transactions
The following tutorial guides you on how to Assign Tax Codes for Non-Taxable Transactions in SAP.
You need to maintain incoming and outgoing tax for each company code that are used to post non taxable transactions to tax related accounts in SAP.
Update as V0 – as 0% Input Tax, A0 – as 0% Output Tax.
You can assign Tax codes for Non Taxable Transactions in SAP by using the navigation method
- SAP IMG Path :- SAP Reference IMG (F5) > Financial Accounting > Financial Accounting Global Settings > Tax on sales/purchase > Postings > Assign tax codes for non taxable transactions.
- Transaction Code: – OBCL
Step 1: Enter SAP Transaction Code “SPRO” in the command field
Step 2: Select “SAP Reference IMG”
Step 3: Follow the SAP IMG navigation path and execute “Assign Tax Codes for Non-Taxable Transactions”.
Step 4: Select the position button and enter your company code
Step 5: Update Input tax (V0 – 0% input tax) and output (A0 – 0% Output tax) indicator for non-taxable transactions.
Choose save icon to save the configured data.
Successfully you have assigned tax codes for non-taxable transactions in SAP.
Recommended Related Tax Configurations
- Define Tax Calculation Procedure
- Define Tax condition Types
- Assign country tax calculation procedure
- Structure for Tax Jurisdiction Code
- Define Tax Codes
- SAP GST Configuration guide.