How To Fix /PM0/ABR_PM_ERRORS514 - Premium tax object missing at elementary product level

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABR_PM_ERRORS -

• Message number: 514

• Message text: Premium tax object missing at elementary product level

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABR_PM_ERRORS514 - Premium tax object missing at elementary product level ?

  The SAP error message /PM0/ABR_PM_ERRORS514 Premium tax object missing at elementary product level typically indicates that there is a missing configuration or assignment related to premium tax objects in the context of product management or pricing in SAP. This error is often encountered in industries where premium taxes are applicable, such as insurance or financial services.
  
  Cause:
  
  Missing Configuration: The premium tax object has not been defined or configured for the specific product or service at the elementary product level.
  Incorrect Assignment: The product may not be correctly assigned to a premium tax object, or the assignment may be incomplete.
  Data Inconsistency: There may be inconsistencies in the master data related to the product or premium tax settings.
  Missing Master Data: The necessary master data for premium tax calculation may not be maintained in the system.
  
  
  Solution:
  
  
  Check Product Configuration:
  
  Navigate to the product configuration in SAP and ensure that the premium tax object is defined for the