What is exemption license in SAP AP-TTE - CRM Transaction Tax Engine?

SAP Term: exemption license

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: A legally valid document issued by the tax authority that gives a company the right to a specific exemption. &Example& The customer has an exemption license for medical instruments. On purchasing the medical instruments, the customer gives the exemption license to the vendor. The vendor takes the exemption license into account for the invoice.

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• Key Concepts: 
  An exemption license is a type of license used in the SAP AP-TTE CRM Transaction Tax Engine. It allows customers to be exempt from certain taxes, such as sales tax, when they purchase goods or services. This type of license is typically used by businesses that are exempt from certain taxes due to their status as a non-profit organization, government entity, or other special circumstances. 
  
  How to use it: 
  In order to use an exemption license in the SAP AP-TTE CRM Transaction Tax Engine, customers must first obtain the appropriate license from their local government or other relevant authority. Once the license has been obtained, it must be entered into the system in order to be recognized and applied to transactions. 
  
  Tips & Tricks: 
  It is important to ensure that the exemption license is up-to-date and valid before entering it into the system. Additionally, customers should be aware that some taxes may still be applicable even if they have an exemption license. 
  
  Related Information: 
  For more information on exemption licenses and how they are used in the SAP AP-TTE CRM Transaction Tax Engine, please refer to the official SAP documentation.