What is tax situation in SAP CRM-LOC - Localization?

SAP Term: tax situation

• Component: CRM-LOC

• Component Name: Localization

• Description: A three-digit code, printed next to each item on a nota fiscal, that specifies: Whether the goods were manufactured in Brazil or abroad Whether they are subject to ICMS, and if so, what form basic ICMS, ICMS with substituição tributária

Smart SAP Assistant

• Key Concepts: 
  Tax situation is a component of the SAP CRM-LOC Localization module. It is used to manage the taxation of customer transactions in different countries. It allows users to define tax codes, tax rates, and other related information for each country. This helps ensure that customers are charged the correct amount of taxes for their transactions.
  
  How to use it: 
  To use the tax situation component, users must first define the tax codes and rates for each country. This can be done by entering the relevant information into the system. Once this is done, users can then assign the appropriate tax code to each customer transaction. This will ensure that customers are charged the correct amount of taxes for their transactions.
  
  Tips & Tricks: 
  It is important to keep track of any changes in tax codes or rates in different countries. This will help ensure that customers are always charged the correct amount of taxes for their transactions. Additionally, it is important to regularly review and update the tax codes and rates in order to ensure accuracy.
  
  Related Information: 
  The SAP CRM-LOC Localization module also includes other components such as currency conversion, language settings, and country-specific settings. These components can be used in conjunction with the tax situation component to ensure that customers are charged the correct amount of taxes for their transactions.