What is Concession Document in SAP FI-LOC - Localization?

SAP Term: Concession Document

• Component: FI-LOC

• Component Name: Localization

• Description: A document that confirms a tax concession for transport or land tax.

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• Key Concepts: 
  A Concession Document is a document used in the FI-LOC Localization component of SAP. It is used to record and manage concessions, which are agreements between a company and a local government or other authority that allow the company to operate in a certain area. The document contains information about the concession, such as the type of concession, the duration of the concession, and any restrictions or conditions that must be met. 
  
  How to Use it: 
  The Concession Document is created in SAP by entering the relevant information into the system. Once created, it can be used to track and manage concessions. This includes tracking payments, monitoring compliance with conditions, and ensuring that all necessary documents are in place. 
  
  Tips & Tricks: 
  When creating a Concession Document in SAP, it is important to ensure that all of the necessary information is entered accurately. This includes details such as the type of concession, the duration of the concession, and any restrictions or conditions that must be met. It is also important to ensure that all documents related to the concession are uploaded into SAP. 
  
  Related Information: 
  The Concession Document is part of the FI-LOC Localization component of SAP. Other components of this module include Tax Localization, Country-Specific Localization, and Globalization. For more information about these components, please refer to SAP's official documentation.