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

SAP Term: tax event

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: An object that determines which tax type, calculation procedure, and tax procedure is applicable to a transaction.

Smart SAP Assistant

• Key Concepts: 
  A tax event is a process in the SAP CRM Transaction Tax Engine (AP-TTE) that calculates taxes for a given transaction. It is triggered when a transaction is created or modified, and it determines the applicable taxes based on the transaction data. The tax event also stores the calculated taxes in the database for future reference. 
  
  How to use it: 
  The tax event is triggered when a transaction is created or modified. The tax event will then calculate the applicable taxes based on the transaction data and store them in the database. This allows for easy retrieval of taxes for future transactions. 
  
  Tips & Tricks: 
  It is important to ensure that all relevant transaction data is entered correctly before triggering the tax event, as this will ensure that the correct taxes are calculated and stored in the database. 
  
  Related Information: 
  The SAP CRM Transaction Tax Engine (AP-TTE) is a component of SAP's Customer Relationship Management (CRM) suite of products. It provides a comprehensive solution for calculating and managing taxes for transactions.