What is alternative taxpayer in SAP FS - Financial Services?

SAP Term: alternative taxpayer

• Component: FS

• Component Name: Financial Services

• Description: A business partner who pays the capital yield tax on the credit interestaccruing to an account or master contract in the place of the actual account holder.

Smart SAP Assistant

• Key Concepts: 
  Alternative taxpayer is a term used in SAP Financial Services (FS) to refer to a taxpayer who is not the primary taxpayer for a particular transaction. This could be an individual or an entity that is not the primary taxpayer, but is still responsible for paying taxes on the transaction. 
  
  How to use it: 
  In SAP FS, alternative taxpayers can be identified by entering their tax identification number (TIN) in the appropriate field. This will allow the system to recognize them as an alternative taxpayer and ensure that they are responsible for paying taxes on the transaction. 
  
  Tips & Tricks: 
  When entering an alternative taxpayer’s TIN, make sure to double-check that it is correct. This will ensure that the system recognizes them as an alternative taxpayer and that they are responsible for paying taxes on the transaction. 
  
  Related Information: 
  Alternative taxpayers can also be identified in SAP FS by entering their name and address in the appropriate fields. This will allow the system to recognize them as an alternative taxpayer and ensure that they are responsible for paying taxes on the transaction.