What is non-assessment certificate in SAP CYT - Capital Yield Tax?

SAP Term: non-assessment certificate

• Component: CYT

• Component Name: Capital Yield Tax

• Description: Statement from the tax authorities that the tax payer is not liable for income tax. On the basis of the certificate, no capital yield tax is applied.

Smart SAP Assistant

• Key Concepts: 
  A non-assessment certificate is a document issued by the SAP CYT Capital Yield Tax (CYT) system that confirms that a taxpayer has not been assessed for any taxes. This document is issued when the taxpayer has not been assessed for any taxes due to the fact that their income or assets do not meet the criteria for taxation. 
  
  How to use it: 
  The non-assessment certificate is used to prove that a taxpayer has not been assessed for any taxes. This document can be used to prove that the taxpayer is not liable for any taxes due to their income or assets not meeting the criteria for taxation. 
  
  Tips & Tricks: 
  It is important to keep a copy of the non-assessment certificate in case it is needed in the future. This document can be used as proof that the taxpayer has not been assessed for any taxes due to their income or assets not meeting the criteria for taxation. 
  
  Related Information: 
  The non-assessment certificate is issued by the SAP CYT Capital Yield Tax (CYT) system. It is important to understand how this system works in order to understand how and why a non-assessment certificate is issued. Additionally, it is important to understand the criteria for taxation in order to determine if a taxpayer’s income or assets meet these criteria.