Message type: E = Error
Message class: /PM0/ABP_COV_MSG -
Message number: 049
Message text: Tax-exempt by particip. (premium tax) only possible with distrib.plan
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/PM0/ABP_COV_MSG049
- Tax-exempt by particip. (premium tax) only possible with distrib.plan ?The SAP error message /PM0/ABP_COV_MSG049 indicates that a tax-exempt status for a premium tax can only be applied when a distribution plan is in place. This error typically arises in the context of managing insurance policies or financial products where premium taxes are involved.
Cause: The error occurs when: A transaction is being processed that attempts to apply a tax-exempt status to a premium tax without having a distribution plan defined. The system requires a distribution plan to determine how the premium tax is allocated and managed, especially in cases where certain exemptions apply.
Solution: To resolve this error, you can take the following steps: Check Distribution Plan: Ensure that a valid distribution plan is defined for the relevant transaction or policy. This plan should outline how premiums and taxes are distributed. Create or Update Distribution Plan: If a distribution plan does not exist, you will need to create one. This can typically be done in the SAP system
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