What is beneficial owner in SAP CYT - Capital Yield Tax?

SAP Term: beneficial owner

• Component: CYT

• Component Name: Capital Yield Tax

• Description: A natural person, organization or group that is the beneficiary of capital gains. Generally, the account holder is also the beneficial owner of revenue that accrues on the account.

Smart SAP Assistant

• Key Concepts: 
  A beneficial owner is a person or entity that has the ultimate economic benefit of owning a security, even if they are not the legal owner. In the context of SAP's CYT Capital Yield Tax component, a beneficial owner is an individual or entity that is entitled to receive the benefits of a security, such as dividends or capital gains. 
  
  How to use it: 
  The CYT Capital Yield Tax component in SAP allows users to track and manage beneficial owners of securities. This includes tracking the ownership of securities, calculating taxes due on capital gains and dividends, and filing tax returns. 
  
  Tips & Tricks: 
  When tracking beneficial owners in SAP, it is important to ensure that all information is accurate and up-to-date. This includes keeping track of changes in ownership, as well as any changes in tax laws that may affect the calculation of taxes due. 
  
  Related Information: 
  For more information on beneficial owners and the CYT Capital Yield Tax component in SAP, please refer to the official SAP documentation.