How To Fix GC012 - No tax rate found for company &

GC012 - Overview

• Message type: E = Error

• Message class: GC - Error Messages for Consolidation/Extended General Ledger

• Message number: 012

• Message text: No tax rate found for company &

What causes this issue?

In <GL:company>company</> &V1&, no tax rate has been defined for fiscal
year &V2& and period &V3&.

System Response

Information that the automatic line items are not posted to the
<GL:deferred_taxes>deferred taxes</>, although - because of the
document type definition - these are required.

How to fix this error?

If it is not necessary to post deferred taxes, indicate this
accordingly in Document Type Maintenance.
Otherwise, in the master record of company &V1&, check the entry of the
tax rate for fiscal year &V2& and period &V3&.
Note:
Beginning on the chosen key date, the tax rates are valid until a new
entry is added. That way, a tax rate doesn't have to be maintained for
every period or every fiscal year.

Error message extract from SAP system. Copyright SAP SE.

GC012 - Details

• The SAP error message GC012 "No tax rate found for company &" typically indicates that the system is unable to find a valid tax rate for the specified company code in the context of a transaction. This can occur in various scenarios, such as during invoice processing, sales order creation, or when posting accounting documents.
  Causes:
  
  Missing Tax Configuration: The tax rates for the specified company code may not be configured in the system.
  Incorrect Tax Code: The tax code used in the transaction may not be valid or may not be assigned to the company code.
  Inactive Tax Rate: The tax rate may be inactive or not applicable for the current period.
  Country-Specific Settings: The tax settings may not be properly configured for the country associated with the company code.
  Document Type Issues: The document type being used may not be set up to allow for tax calculations.
  
  Solutions:
  
  
  Check Tax Configuration:
  
  Go to the transaction code OBYZ