What is valuation date for tax purposes in SAP CYT - Capital Yield Tax?

SAP Term: valuation date for tax purposes

• Component: CYT

• Component Name: Capital Yield Tax

• Description: Date used by the bank to derive all tax data for a revenue event.

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• Key Concepts: 
  Valuation date for tax purposes is a term used in the context of CYT Capital Yield Tax (CYT). It is the date on which the value of an asset is determined for tax purposes. This date is used to calculate the amount of tax that must be paid on the asset. 
  
  How to use it: 
  The valuation date for tax purposes is used to determine the amount of tax that must be paid on an asset. The value of the asset is determined based on the market value at the time of the valuation date. This value is then used to calculate the amount of tax that must be paid on the asset. 
  
  Tips & Tricks: 
  It is important to keep track of the valuation date for tax purposes as it can have a significant impact on the amount of tax that must be paid. It is also important to ensure that the market value of the asset at the time of the valuation date is accurate in order to ensure that the correct amount of tax is paid. 
  
  Related Information: 
  The valuation date for tax purposes is related to other terms such as capital gains tax, depreciation, and amortization. It is important to understand how these terms interact with each other in order to ensure that taxes are calculated correctly.