What is ID type set in SAP FS-FBS-TXC - SAP Tax Classification and Reporting for FATCA?

SAP Term: ID type set

• Component: FS-FBS-TXC

• Component Name: SAP Tax Classification and Reporting for FATCA

• Description: A group of several identification types ID types used in indicia checks. During evaluation of identification data in a business partner, an indicia check includes only the identification data with the ID type included in the assigned ID type set.

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• Key Concepts: 
  An ID type set is a component of the FS-FBS-TXC SAP Tax Classification and Reporting for FATCA. It is used to define the types of identification numbers that are used to identify customers and other entities for tax reporting purposes. The ID type set also defines the format of the identification numbers, such as whether they are alphanumeric or numeric. 
  
  How to use it: 
  The ID type set is used to define the types of identification numbers that are used in tax reporting. This includes the format of the identification numbers, such as whether they are alphanumeric or numeric. The ID type set can also be used to define additional information about the identification numbers, such as whether they are required or optional. 
  
  Tips & Tricks: 
  When defining an ID type set, it is important to ensure that all required information is included. This includes the format of the identification numbers, as well as any additional information that may be required for tax reporting purposes. Additionally, it is important to ensure that all identification numbers are entered in a consistent format, as this will make it easier to process them for tax reporting purposes. 
  
  Related Information: 
  The FS-FBS-TXC SAP Tax Classification and Reporting for FATCA also includes other components, such as a Tax Classification Code Set and a Tax Reporting Code Set. These components are used to define the types of taxes that must be reported and how they should be reported. Additionally, there are other components that can be used to customize the tax reporting process, such as a Tax Reporting Template and a Tax Reporting Rule Set.