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

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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.

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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 specific product.
  Verify that the product is assigned to the correct premium tax object.
  
  
  
  Maintain Premium Tax Object:
  
  Go to the relevant transaction (e.g., customizing or master data maintenance) to create or update the premium tax object.
  Ensure that all required fields are filled out correctly.
  
  
  
  Review Master Data:
  
  Check the master data for the product to ensure that all necessary information is present and correct.
  Look for any missing entries or incorrect data that could lead to this error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on premium tax configuration and management.
  If available, consult with your SAP support team or a functional consultant who specializes in product management or pricing.
  
  
  
  Testing:
  
  After making the necessary changes, perform tests to ensure that the error no longer occurs and that premium tax calculations are functioning as expected.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO for configuration, MM02 for material master changes, or VA01 for sales order creation, depending on where the error is occurring.
  SAP Notes: Check SAP Notes for any known issues or patches related to premium tax objects and product management.
  User Forums: Engage with SAP community forums or user groups for additional insights and solutions from other users who may have encountered similar issues.
  
  If the problem persists after following these steps, it may be necessary to escalate the issue to your SAP support team for further investigation.