What is tax total in SAP CYT - Capital Yield Tax?

SAP Term: tax total

• Component: CYT

• Component Name: Capital Yield Tax

• Description: Total of all taxes withheld from a customer by the bank. Tax totals are divided into different tax types, and are differentiated between shares and other revenues.

Smart SAP Assistant

• Key Concepts: 
  CYT Capital Yield Tax (CYT) is a tax imposed by the government on the capital gains of an individual or company. It is calculated as a percentage of the total capital gain and is paid to the government. 
  
  How to use it: 
  In SAP, CYT Capital Yield Tax is calculated by entering the total capital gain into the system. The system will then calculate the tax total based on the percentage rate set by the government. 
  
  Tips & Tricks: 
  It is important to ensure that all capital gains are accurately entered into SAP in order to ensure that the correct tax total is calculated. 
  
  Related Information: 
  CYT Capital Yield Tax is just one of many taxes that can be calculated in SAP. Other taxes include income tax, sales tax, and property tax.