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

SAP Term: general exemption

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: The freedom from tax obligation that is applicable to transactions of the same type. &Example& A general exemption is available for tax-free acquisition of goods acquired by a company on the Islands, if the goods are purchased from a Spanish vendor. Supplies to NATO organizations are exempt

Smart SAP Assistant

• Key Concepts: 
  General exemption is a feature of the SAP AP-TTE CRM Transaction Tax Engine that allows businesses to exempt certain transactions from taxation. This feature is useful for businesses that need to exempt certain transactions from taxation due to legal or other reasons. 
  
  How to use it: 
  To use the general exemption feature, businesses must first configure the SAP AP-TTE CRM Transaction Tax Engine. This includes setting up the tax rules and exemptions that will be applied to transactions. Once the configuration is complete, businesses can then apply the general exemption feature to transactions that need to be exempted from taxation. 
  
  Tips & Tricks: 
  When configuring the SAP AP-TTE CRM Transaction Tax Engine, it is important to ensure that all applicable tax rules and exemptions are set up correctly. This will ensure that all transactions are taxed correctly and that any transactions that need to be exempted from taxation are properly identified and exempted. 
  
  Related Information: 
  For more information on the SAP AP-TTE CRM Transaction Tax Engine, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to configure and use the SAP AP-TTE CRM Transaction Tax Engine.