What is CUIT number in SAP FI - Financial Accounting?

SAP Term: CUIT number

• Component: FI

• Component Name: Financial Accounting

• Description: A tax number assigned, in Argentina, by the federal tax authorities to large companies. CUIT stands for clave única de identificación tributaria.

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• Key Concepts: 
  A CUIT number is a unique identification number assigned to companies in Argentina by the AFIP (Administración Federal de Ingresos Públicos). It is used to identify companies for tax purposes and is required for all companies operating in Argentina. 
  
  How to use it: 
  In SAP FI Financial Accounting, the CUIT number is used to identify the company in the system. It is entered into the system when setting up a new company and can be found in the company master data. The CUIT number must be entered correctly in order for the system to recognize it. 
  
  Tips & Tricks: 
  When entering a CUIT number into SAP FI Financial Accounting, make sure to double-check that it is correct. Incorrectly entered numbers can cause errors and delays in processing. 
  
  Related Information: 
  The CUIT number is part of the larger Tax Identification Number (TIN) system used by Argentina. The TIN consists of 11 digits, with the first two digits representing the province and the last nine digits representing the CUIT number.