What is 'vehicle tax' in SAP FS-PMA - SAP Policy Management Add-On for Auto Insurance?

vehicle tax - Overview

• Component: FS-PMA

• Component Name: SAP Policy Management Add-On for Auto Insurance

• Description: A tax that is levied on vehicles that are permitted on public roads.

vehicle tax - Details

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  Key Concepts: 
  Vehicle tax is a type of tax imposed on vehicles registered in a particular jurisdiction. It is typically based on the value of the vehicle, its age, and its emissions rating. In the SAP Policy Management Add-On for Auto Insurance, vehicle tax is used to calculate the premium for an insurance policy. 
  
  How to use it: 
  In the SAP Policy Management Add-On for Auto Insurance, vehicle tax is used to calculate the premium for an insurance policy. The user must enter the vehicle's information, such as its make, model, year, and emissions rating. The system will then calculate the applicable vehicle tax and add it to the premium calculation. 
  
  Tips & Tricks: 
  When entering a vehicle's information into the system, it is important to ensure that all of the information is accurate. This will ensure that the correct vehicle tax is calculated and added to the premium calculation. 
  
  Related Information: 
  The SAP Policy Management Add-On for Auto Insurance also allows users to manage other aspects of their insurance policies, such as coverage limits and deductibles. Additionally, users can access reports and analytics related to their policies.