What is taxpayer identification code in SAP FS-LOC-AR - Localization of Banking in Argentina?

SAP Term: taxpayer identification code

• Component: FS-LOC-AR

• Component Name: Localization of Banking in Argentina

• Description: A unique identification key assigned to businesses or business persons. The code is known in Spanish as 'Código Único de Identificación Tributaria' CUIT.

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• Key Concepts: 
  A taxpayer identification code (TIC) is a unique number assigned to an individual or business by the Argentine government for tax purposes. It is used to identify taxpayers and facilitate the filing of tax returns. The FS-LOC-AR Localization of Banking in Argentina component of SAP enables companies to store and manage TICs in their system. 
  
  How to use it: 
  In order to use the FS-LOC-AR Localization of Banking in Argentina component, companies must first enter the TICs of their customers into the system. This can be done manually or through an automated process. Once the TICs are entered, they can be used to generate reports and other documents related to taxes and banking. 
  
  Tips & Tricks: 
  It is important to ensure that all TICs are entered correctly into the system, as incorrect information can lead to errors when filing taxes or other documents. Additionally, it is important to keep TICs up-to-date, as they may change over time. 
  
  Related Information: 
  The FS-LOC-AR Localization of Banking in Argentina component is part of SAP’s Financial Services suite, which includes other components such as FS-CD Cash Management and FS-CM Credit Management. These components can be used in conjunction with the FS-LOC-AR component to manage banking and tax information more efficiently.