What is tax agent in SAP FI-GL - General Ledger Accounting?

SAP Term: tax agent

• Component: FI-GL

• Component Name: General Ledger Accounting

• Description: A company that pays VAT in place of the another company that is generally a state or foreign company.

Smart SAP Assistant

• Key Concepts: 
  A tax agent is a third-party representative who is authorized to represent a taxpayer in dealings with the tax authorities. In SAP, a tax agent is an external party that is responsible for filing and paying taxes on behalf of the company. 
  
  How to use it: 
  In SAP, a tax agent can be set up in the Financial Accounting (FI) module. To do this, go to the General Ledger Accounting (FI-GL) component and select the “Tax Agents” tab. Here, you can enter the details of the tax agent, such as their name, address, and contact information. 
  
  Tips & Tricks: 
  When setting up a tax agent in SAP, make sure to enter all relevant information accurately. This will ensure that the tax agent is able to properly represent your company in dealings with the tax authorities. 
  
  Related Information: 
  For more information on setting up a tax agent in SAP, please refer to the official SAP documentation.