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

SAP Term: taxability

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: One of the attributes assigned to a product or business partner that is used to derive the applicable tax type and tax rate.

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• Key Concepts: 
  Taxability is a feature of the SAP AP-TTE CRM Transaction Tax Engine that allows businesses to accurately calculate and apply taxes to their transactions. It uses a combination of rules and data to determine the applicable taxes for each transaction. This ensures that businesses are compliant with local, state, and federal tax laws. 
  
  How to use it: 
  The SAP AP-TTE CRM Transaction Tax Engine can be used to calculate taxes for any type of transaction. It can be used to calculate taxes for sales, purchases, and other types of transactions. The engine uses a combination of rules and data to determine the applicable taxes for each transaction. This ensures that businesses are compliant with local, state, and federal tax laws. 
  
  Tips & Tricks: 
  When using the SAP AP-TTE CRM Transaction Tax Engine, it is important to ensure that all data is accurate and up-to-date. This will help ensure that the correct taxes are applied to each transaction. Additionally, it is important to review the applicable tax laws regularly to ensure compliance. 
  
  Related Information: 
  The SAP AP-TTE CRM Transaction Tax Engine is part of the SAP ERP system. It is designed to help businesses accurately calculate and apply taxes to their transactions. Additionally, there are other features within the SAP ERP system that can help businesses manage their taxes, such as tax reporting and compliance management.