What is intra-community supply in SAP AP-TTE - CRM Transaction Tax Engine?

SAP Term: intra-community supply

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: The transfer of goods from a taxable person's undertaking in a European Community member state into another European Community member state.

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• Key Concepts: 
  Intra-community supply is a type of transaction that occurs between two businesses located in different countries within the European Union (EU). This type of transaction is subject to Value Added Tax (VAT) and requires the seller to register for a VAT number in the country of the buyer. The AP-TTE CRM Transaction Tax Engine is a component of SAP software that helps businesses manage their intra-community supply transactions. 
  
  How to use it: 
  The AP-TTE CRM Transaction Tax Engine helps businesses manage their intra-community supply transactions by providing them with the necessary tools to calculate, report, and pay VAT. It also helps businesses keep track of their intra-community supply transactions and provides them with detailed reports on their VAT payments. 
  
  Tips & Tricks: 
  When using the AP-TTE CRM Transaction Tax Engine, it is important to ensure that all information is accurate and up-to-date. This will help ensure that businesses are compliant with EU regulations and avoid any potential penalties or fines. Additionally, businesses should ensure that they are registered for a VAT number in the country of the buyer before engaging in any intra-community supply transactions. 
  
  Related Information: 
  For more information on intra-community supply transactions, please refer to the European Commission’s website on Value Added Tax (VAT). Additionally, for more information on the AP-TTE CRM Transaction Tax Engine, please refer to SAP’s website.