What is state tax number in SAP FI - Financial Accounting?

SAP Term: state tax number

• Component: FI

• Component Name: Financial Accounting

• Description: A tax number, in Brazil, issued by the state tax authorities. The state tax number, known as inscrição estadual in Brazil, must be included on all notas fiscais issued by companies whose operations are subject to ICMS.

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• Key Concepts: 
  A state tax number is a unique identifier assigned to a business by the state government. It is used to identify the business for tax purposes and to track payments and returns. In SAP Financial Accounting (FI), the state tax number is used to identify the business in the system and to ensure that all taxes are paid correctly. 
  
  How to use it: 
  In SAP FI, the state tax number is entered into the system when setting up a new company code. This information is then used to identify the company for tax purposes and to ensure that all taxes are paid correctly. The state tax number can also be used to track payments and returns. 
  
  Tips & Tricks: 
  It is important to ensure that the state tax number entered into SAP FI is accurate and up-to-date. This will help ensure that all taxes are paid correctly and on time. 
  
  Related Information: 
  The state tax number is just one of many pieces of information that must be entered into SAP FI when setting up a new company code. Other information includes the company name, address, contact information, and other financial information.