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

SAP Term: tax incidence

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: An object that describes how, or if, a tax type is to be levied in a specific business transaction. &Example& Exempt Due

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• Key Concepts: 
  Tax incidence is a term used to describe the process of calculating and applying taxes to a transaction. It is a component of the SAP AP-TTE CRM Transaction Tax Engine, which is used to calculate taxes for customer transactions. The engine uses tax rules and regulations to determine the amount of tax that should be applied to a transaction. 
  
  How to use it: 
  The SAP AP-TTE CRM Transaction Tax Engine can be used to calculate taxes for customer transactions. It uses tax rules and regulations to determine the amount of tax that should be applied to a transaction. The engine can also be used to manage tax compliance, such as filing returns and remitting payments. 
  
  Tips & Tricks: 
  When using the SAP AP-TTE CRM Transaction Tax Engine, it is important to ensure that all tax rules and regulations are up-to-date. This will help ensure that the correct amount of tax is applied to each transaction. Additionally, it is important to keep track of any changes in tax laws or regulations, as these may affect the amount of tax that needs to be applied. 
  
  Related Information: 
  The SAP AP-TTE CRM Transaction Tax Engine is part of the SAP Customer Relationship Management (CRM) suite of products. It can be used in conjunction with other components of the suite, such as the SAP Sales and Distribution (SD) module, in order to manage customer transactions more effectively. Additionally, there are other tools available that can help with managing taxes, such as the SAP Tax Calculation Engine (TCE).