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

SAP Term: tax exemption

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: Freedom from tax obligation. General exemption and specific exemptions are exemption types.

Smart SAP Assistant

• Key Concepts: 
  Tax exemption is a process in which certain entities, such as government organizations, are exempt from paying taxes. In SAP, the AP-TTE CRM Transaction Tax Engine (TTE) is a component that enables customers to manage tax exemptions. It allows customers to define and manage tax exemption rules and apply them to transactions. 
  
  How to use it: 
  The TTE component can be used to define tax exemption rules for customers. These rules can be applied to transactions, such as sales orders or invoices, to ensure that the correct taxes are applied. The TTE component also allows customers to manage their tax exemption certificates and keep track of their tax exemption status. 
  
  Tips & Tricks: 
  When setting up tax exemption rules in the TTE component, it is important to ensure that the rules are accurate and up-to-date. It is also important to keep track of any changes in the customer’s tax exemption status, as this may affect the accuracy of the rules. 
  
  Related Information: 
  For more information on the AP-TTE CRM Transaction Tax Engine, please refer to the SAP Help Portal or contact your local SAP representative.