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

SAP Term: tax location

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: An object that defines where a transaction is liable to tax. &EXAMPLE& Tax locations can be defined in terms of tax communities, countries, and jurisdictions, and also in terms of: Destination - the place to which the products or services are supplied Origin - the place from which the products or services are supplied

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• Key Concepts: 
  Tax location is a component of the SAP AP-TTE CRM Transaction Tax Engine. It is used to determine the tax rate for a particular transaction based on the location of the transaction. This is done by referencing a database of tax rates for different locations. 
  
  How to use it: 
  The tax location component of the SAP AP-TTE CRM Transaction Tax Engine can be used to determine the applicable tax rate for a particular transaction. This is done by referencing a database of tax rates for different locations. The user can then enter the relevant information, such as the location of the transaction, and the system will calculate the applicable tax rate. 
  
  Tips & Tricks: 
  It is important to ensure that the information entered into the system is accurate, as this will ensure that the correct tax rate is applied. Additionally, it is important to keep up to date with any changes in tax rates, as these can affect the accuracy of the calculations. 
  
  Related Information: 
  The SAP AP-TTE CRM Transaction Tax Engine also includes other components such as tax calculation and reporting, which can be used to generate reports on taxes paid and other related information. Additionally, there are other tools available that can be used to manage taxes, such as SAP Tax Management and SAP Tax Calculation.