How To Fix 60212 - For residential lease-outs, sales tax code must be &

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 212

• Message text: For residential lease-outs, sales tax code must be &

What causes this issue?

Tax on sales/purchases cannot be debited for residential rental
agreements. However, each one must have an indicator which contains a
percentage rate of 0.

System Response

The indicator is set by the system.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 60212 - For residential lease-outs, sales tax code must be & ?

  The SAP error message 60212, which states "For residential lease-outs, sales tax code must be &," typically occurs in the context of managing residential lease contracts in SAP, particularly when dealing with sales tax codes for lease transactions.
  Cause:
  This error is triggered when a residential lease-out transaction is processed without the appropriate sales tax code being specified. In SAP, certain transactions require specific sales tax codes to ensure compliance with tax regulations. For residential lease-outs, the system expects a specific sales tax code (often denoted by "&") to be assigned to the transaction.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Sales Tax Code: Ensure that the sales tax code for the residential lease-out is correctly set in the transaction. You may need to consult your tax configuration or accounting department to determine the correct code.
  
  
  Update the Lease Contract: If the sales tax code is missing or incorrect, update the lease contract or transaction to include the appropriate sales tax code. This can usually be done in the contract management module of SAP.
  
  
  Configuration Settings: If you are responsible for system configuration, check the settings in the SAP system to ensure that the sales tax codes for residential lease-outs are properly defined. This may involve reviewing the tax configuration settings in the Financial Accounting (FI) or Real Estate Management (RE) modules.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling sales tax codes in residential lease transactions.
  
  
  Testing: After making the necessary changes, test the transaction again to ensure that the error no longer occurs.
  
  
  Related Information:
  
  SAP Modules: This error is typically related to the Real Estate Management (RE) module and may also involve the Financial Accounting (FI) module.
  Sales Tax Codes: Understanding how sales tax codes are defined and used in your organization is crucial. Different regions may have different requirements for sales tax on residential leases.
  User Roles: Ensure that users involved in lease transactions have the appropriate roles and permissions to make changes to contracts and tax codes.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant who specializes in SAP Real Estate Management.