What is schedule tax in SAP FI-LOC - Localization?

SAP Term: schedule tax

• Component: FI-LOC

• Component Name: Localization

• Description: In Egypt, a type of tax imposed only once on goods, unless the goods are transformed or changed.  Note Goods are not considered as transformed during packaging, repackaging, refining, purifying, and milling.

Smart SAP Assistant

• Key Concepts: 
  Schedule tax is a feature of the SAP FI-LOC Localization component that allows users to set up and manage taxes for different countries and regions. It enables users to define tax rates, calculate taxes, and report on taxes. 
  
  How to use it: 
  To use schedule tax, users must first define the tax codes and rates for each country or region. This can be done in the Tax Code Maintenance screen. Once the tax codes are defined, users can then set up the tax calculation rules in the Tax Calculation Rules screen. Finally, users can generate reports on taxes in the Tax Reports screen. 
  
  Tips & Tricks: 
  When setting up schedule tax, it is important to ensure that all of the necessary tax codes and rates are defined correctly. Additionally, it is important to ensure that the tax calculation rules are set up correctly so that taxes are calculated accurately. 
  
  Related Information: 
  For more information on schedule tax, please refer to the SAP Help documentation for FI-LOC Localization.