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

SAP Term: tax event type

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: An object that specifies if taxes have to be calculated and if so, specifies the tax type and the tax location.

Smart SAP Assistant

• Key Concepts: 
  Tax event type is a component of the SAP CRM Transaction Tax Engine (AP-TTE). It is used to define the type of tax event that is being processed. This includes sales tax, value-added tax (VAT), and other types of taxes. The tax event type is used to determine the applicable tax rate and other relevant information for the transaction. 
  
  How to use it: 
  The tax event type is used to identify the type of transaction that is being processed. This information is then used to determine the applicable tax rate and other relevant information for the transaction. The tax event type can be set manually or automatically based on the transaction data. 
  
  Tips & Tricks: 
  When setting the tax event type manually, it is important to ensure that it is set correctly. This will ensure that the correct tax rate and other relevant information are applied to the transaction. 
  
  Related Information: 
  The SAP CRM Transaction Tax Engine (AP-TTE) provides a comprehensive solution for managing taxes in SAP systems. It includes features such as automatic calculation of taxes, support for multiple currencies, and integration with other SAP components.