What is Australian stamp duty in SAP CRM-LAM - CRM Leasing?

SAP Term: Australian stamp duty

• Component: CRM-LAM

• Component Name: CRM Leasing

• Description: A country- or region-specific tax rate in percent that is usually levied in periodic installments. The amount of stamp duty due in a period is relevant to value-added tax VAT; the stamp duty increases the base amount of VAT sum of net values without tax + stamp duty. Some leasing companies do not levy any stamp duty on the last installment. This form of stamp duty is currently levied in Australia.

Smart SAP Assistant

• Key Concepts: 
  Australian stamp duty is a tax imposed by the Australian government on certain transactions, such as the transfer of property or goods. In the context of SAP CRM Leasing and Asset Management (CRM-LAM), it is a tax that must be paid when leasing or purchasing assets in Australia. 
  
  How to use it: 
  In SAP CRM-LAM, Australian stamp duty is calculated automatically based on the asset type, location, and other factors. The user can view the amount of stamp duty due in the asset details screen. The user can also set up a payment plan for the stamp duty, if necessary. 
  
  Tips & Tricks: 
  When setting up a payment plan for Australian stamp duty, it is important to ensure that all payments are made on time. Late payments may incur additional fees or penalties. 
  
  Related Information: 
  For more information about Australian stamp duty, please refer to the Australian Taxation Office website.