What is tax authority in SAP BNS-CON - Concur?

SAP Term: tax authority

• Component: BNS-CON

• Component Name: Concur

• Description: The government body - typically country - levying the tax used in value-added tax administration.

Smart SAP Assistant

• Key Concepts: 
  Tax authority is a term used in the SAP Concur Expense system to refer to the government agency responsible for collecting taxes from individuals and businesses. This could be a federal, state, or local government agency. The tax authority is responsible for setting the tax rates and collecting taxes from taxpayers. 
  
  How to use it: 
  In the SAP Concur Expense system, the tax authority is used to determine the applicable tax rate for a particular expense. The system will automatically calculate the applicable tax rate based on the information provided by the user. The user can also manually enter the applicable tax rate if they know it. 
  
  Tips & Tricks: 
  It is important to ensure that the correct tax rate is applied when entering expenses into the SAP Concur Expense system. This will ensure that all taxes are paid correctly and on time. Additionally, it is important to keep track of any changes in tax rates as they may affect the amount of taxes due. 
  
  Related Information: 
  The SAP Concur Expense system also allows users to set up payment plans with their tax authority. This allows users to pay their taxes in installments rather than in one lump sum. Additionally, users can also set up automatic payments with their tax authority so that their taxes are paid on time each month.