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

SAP Term: nexus

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: The physical presence of the taxpayers' or its agents' employees or property that creates taxable connections with a jurisdiction.

Smart SAP Assistant

• Key Concepts: 
  Nexus is a term used in the SAP AP-TTE CRM Transaction Tax Engine component. It is used to describe the relationship between a taxing jurisdiction and a business entity. This relationship is used to determine which taxes should be applied to a transaction. 
  
  How to use it: 
  In order to use nexus, businesses must first define the relationship between their business entity and the taxing jurisdiction. This can be done by entering the necessary information into the SAP system. Once this is done, the system will automatically apply the appropriate taxes to any transactions that are conducted within that jurisdiction. 
  
  Tips & Tricks: 
  It is important to ensure that all nexus relationships are up-to-date in order to ensure that the correct taxes are applied. Additionally, businesses should be aware of any changes in tax laws or regulations that may affect their nexus relationships. 
  
  Related Information: 
  For more information on nexus and how it relates to SAP AP-TTE CRM Transaction Tax Engine, please refer to the official SAP documentation.