What is tax number in SAP FI - Financial Accounting?

SAP Term: tax number

• Component: FI

• Component Name: Financial Accounting

• Description: A tax number assigned, in Hungary, to legal persons. In Hungarian, it is known as adószám.

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• Key Concepts: 
  A tax number is a unique identifier assigned to a business or individual by the government for the purpose of taxation. In SAP Financial Accounting (FI), the tax number is used to identify the company or individual for tax reporting purposes. 
  
  How to use it: 
  In SAP FI, the tax number is entered in the customer master record and vendor master record. This information is then used in various reports and documents such as invoices, purchase orders, and tax returns. 
  
  Tips & Tricks: 
  It is important to ensure that the tax number is entered correctly in the customer and vendor master records. This will ensure that all reports and documents are accurate and up-to-date. 
  
  Related Information: 
  The tax number is also known as a taxpayer identification number (TIN) or a federal employer identification number (FEIN). It is important to note that different countries have different requirements for entering the tax number in SAP FI.