What is External Tax Calculation in SAP (AP-CI - CRM Customer Invoice Processing)?

SAP Term: External Tax Calculation

• Component: AP-CI

• Component Name: CRM Customer Invoice Processing

• Description: The requesting of product tax calculation from an external tax calculation system.

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• Key Concepts: 
  External Tax Calculation is a component of the SAP Customer Invoice Processing (AP-CI CRM) module. It enables companies to calculate taxes on customer invoices based on external tax rates. This component allows companies to accurately calculate taxes on customer invoices, ensuring that they are compliant with local tax laws.
  
  How to use it: 
  External Tax Calculation can be used to calculate taxes on customer invoices. The component allows companies to enter external tax rates into the system, which are then used to calculate the taxes on customer invoices. The component also allows companies to adjust the tax rate for specific customers or products, ensuring that the correct amount of taxes is charged.
  
  Tips & Tricks: 
  When using External Tax Calculation, it is important to ensure that the external tax rates are up-to-date and accurate. Companies should also ensure that they are compliant with local tax laws when using this component. Additionally, companies should regularly review their customer invoices to ensure that the correct amount of taxes is being charged.
  
  Related Information: 
  For more information about External Tax Calculation, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are a number of online resources available that provide detailed information about this component and how it can be used.