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

SAP Term: tax date

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: The day on which a transaction is liable to tax. The tax rules and regulations applied are those valid on this day. The tax date is the usually the same as the invoice date but in some cases it can be the same as the delivery date or goods receipt date.

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• Key Concepts: 
  Tax date is a term used in the SAP AP-TTE CRM Transaction Tax Engine component. It is the date used to determine the applicable tax rate for a transaction. The tax date is usually the date of the transaction, but it can also be a different date, such as the date of delivery or invoice. 
  
  How to use it: 
  The tax date is used to determine the applicable tax rate for a transaction. The tax rate is determined by the country, state, and local laws in effect on the tax date. The tax rate can be set manually or automatically based on the tax date. 
  
  Tips & Tricks: 
  When setting up a transaction, it is important to make sure that the correct tax date is entered. This will ensure that the correct tax rate is applied to the transaction. 
  
  Related Information: 
  The SAP AP-TTE CRM Transaction Tax Engine component provides a comprehensive solution for managing taxes in SAP. It includes features such as automatic calculation of taxes, support for multiple currencies, and support for multiple tax rates.