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Component: LO-MD
Component Name: Logistics Basic Data
Description: A number used in Poland to classify materials according to the Polish Classification of Goods and Services. &EXAMPLE& 15.51.11.-30.31: Low-fat grocery milk, not condensed, unsweetened, packaged
Key Concepts: PKWiU stands for Polish Classification of Products and Services and is a taxonomy system used in Poland to classify goods and services. It is used in the LO-MD Logistics Basic Data component of SAP to assign a unique code to each product or service. This code is used to identify the product or service for tax purposes. How to use it: In order to use PKWiU in SAP, you must first create a master data record for each product or service. This record should include the PKWiU code, as well as other relevant information such as the product name, description, and price. Once the master data record is created, it can be used in various transactions such as sales orders, invoices, and delivery notes. Tips & Tricks: When creating a master data record for a product or service, make sure to double-check the PKWiU code to ensure it is correct. This will help ensure that the correct tax rate is applied when the product or service is sold. Related Information: PKWiU is part of the European Union's Common External Tariff (CET) system, which is used to classify goods and services for trade purposes. For more information on CET, please visit the European Commission's website.
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