How To Fix FIPT_SAFT002 - No Taxonomy Code defined for G/L Account &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FIPT_SAFT - Messages for SAFT - Specfic for Portugal

• Message number: 002

• Message text: No Taxonomy Code defined for G/L Account &1

What causes this issue?

There is no Taxonomy code defined for G/L Account &V1&

System Response

No values are found for G/L Account &V1&

How to fix this error?

You must make settings<LS> </>in <LS>Assign Taxonomy Codes to G/L
Accounts </>(table FIPTC_TAXOACC) for G/L Account &V1&, from date &V2&
to &V3&, for company code &V4&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIPT_SAFT002 - No Taxonomy Code defined for G/L Account &1 ?

  The SAP error message FIPT_SAFT002 indicates that there is no taxonomy code defined for a specific General Ledger (G/L) account in the context of the Standard Audit File for Tax (SAFT) reporting. This error typically arises when you are trying to generate a SAFT file, which is required for tax reporting in certain jurisdictions, and the system cannot find the necessary taxonomy code associated with the G/L account.
  Cause:
  
  Missing Taxonomy Code: The G/L account referenced in the error does not have a corresponding taxonomy code defined in the system.
  Configuration Issues: The configuration for the SAFT reporting may not be complete or correctly set up.
  Incorrect G/L Account: The G/L account being used may not be intended for the type of transaction being reported.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Define Taxonomy Code:
  
  Go to the SAP transaction code OBD2 (or the relevant configuration transaction for your version).
  Navigate to the section where you can define taxonomy codes for G/L accounts.
  Assign the appropriate taxonomy code to the G/L account that is causing the error.
  
  
  
  Check Configuration:
  
  Ensure that the SAFT configuration is correctly set up in your system.
  Verify that all necessary mappings between G/L accounts and taxonomy codes are in place.
  
  
  
  Review G/L Account:
  
  Check if the G/L account is correctly set up and is intended for the type of transactions you are processing.
  If the G/L account is not meant for tax reporting, consider using a different account that has the appropriate taxonomy code.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or your local tax authority's guidelines to ensure that you are using the correct taxonomy codes for your jurisdiction.
  
  
  
  Testing:
  
  After making the necessary changes, test the SAFT file generation again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Taxonomy Codes: These are standardized codes used to classify financial transactions for tax reporting purposes. They vary by jurisdiction and are essential for compliance with local tax regulations.
  SAFT Reporting: The Standard Audit File for Tax is a standard format for electronic tax reporting, which allows tax authorities to easily audit and review financial data.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or updates related to this error message.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP financial reporting.