What is tax perception in SAP FI-AR - Accounts Receivable?

SAP Term: tax perception

• Component: FI-AR

• Component Name: Accounts Receivable

• Description: In Peru, a tax collection mechanism, in which an additional tax amount is levied on top of the standard tax rate, as an advance payment of tax that would be charged in a subsequent transaction. This amount is paid by the supplier of goods or services, designated by the tax office SUNAT as a "tax collection agent", directly to SUNAT on the customer’s behalf. Upon making the payment to SUNAT, the supplier issues a tax perception certificate to the customer, which the customer can use later as a fiscal credit. The mechanism is known in Spanish as 'percepción de impuestos'.

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• Key Concepts: 
  Tax perception is a process in the Accounts Receivable (FI-AR) component of SAP software. It is used to calculate the amount of taxes that must be paid on a particular transaction. This process is used to ensure that the correct amount of taxes are paid and that the company is compliant with local tax laws. 
  
  How to use it: 
  In order to use tax perception in SAP, the user must first enter the relevant information into the system. This includes the type of transaction, the amount of taxes due, and any other relevant information. Once this information is entered, the system will calculate the amount of taxes due and display it on the screen. The user can then review and approve the calculation before submitting it for payment. 
  
  Tips & Tricks: 
  When entering information into SAP for tax perception, it is important to make sure that all of the information is accurate and up-to-date. This will help ensure that the correct amount of taxes are paid and that the company remains compliant with local tax laws. Additionally, it is important to review all calculations before submitting them for payment to ensure accuracy. 
  
  Related Information: 
  Tax perception is just one part of managing accounts receivable in SAP software. Other processes include invoicing, payment processing, and reconciliation. Additionally, there are various reports available in SAP that can be used to track accounts receivable activity and ensure compliance with local tax laws.