What is tax-type-specific function in SAP IS-BEV - SAP Beverage?

SAP Term: tax-type-specific function

• Component: IS-BEV

• Component Name: SAP Beverage

• Description: Records and anaylses that you use for a specific excise duty type.

Smart SAP Assistant

• Key Concepts: 
  Tax-type-specific function is a feature of the IS-BEV SAP Beverage Industry Solution that allows users to define different tax types for different products. This feature enables users to accurately calculate taxes for each product and ensure compliance with local tax regulations. 
  
  How to use it: 
  To use the tax-type-specific function, users must first define the different tax types in the system. This can be done by entering the relevant information into the system, such as the tax rate and any applicable exemptions. Once this is done, users can then assign a specific tax type to each product in the system. This will ensure that the correct taxes are calculated for each product when it is sold. 
  
  Tips & Tricks: 
  It is important to keep track of any changes in local tax regulations, as this may require updating the tax types in the system. Additionally, it is important to ensure that all products have been assigned the correct tax type, as this will ensure accurate calculations of taxes when products are sold. 
  
  Related Information: 
  For more information on how to use the tax-type-specific function in IS-BEV SAP Beverage Industry Solution, please refer to the official documentation provided by SAP.