How To Fix /PM0/ALB_MESSAGES340 - The tax framework of the contract (&1) must be selected

/PM0/ALB_MESSAGES340 - Overview

• Message type: E = Error

• Message class: /PM0/ALB_MESSAGES -

• Message number: 340

• Message text: The tax framework of the contract (&1) must be selected

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALB_MESSAGES340 - The tax framework of the contract (&1) must be selected ?

  The SAP error message /PM0/ALB_MESSAGES340 indicates that there is an issue with the tax framework configuration for a specific contract in the SAP system. This error typically arises when the system expects a tax framework to be defined for a contract, but it is either missing or not properly configured.
  
  Cause:
  
  Missing Tax Framework: The contract referenced in the error message does not have a tax framework assigned to it.
  Incorrect Configuration: The tax framework may not be correctly set up in the system, or the contract may not be linked to the appropriate tax framework.
  Contract Type: The type of contract being processed may require a specific tax framework that has not been defined.
  Data Entry Error: There may be a data entry error in the contract details that leads to the system not recognizing the tax framework.
  
  
  Solution:
  
  
  Check Contract Configuration:
  
  Navigate to the contract in question and verify if a tax framework is assigned.
  If it