What is 'tax fulfillment date' in SAP MM-IV - Invoice Verification?

tax fulfillment date - Overview

• Component: MM-IV

• Component Name: Invoice Verification

• Description: Date on which the taxes on sales/purchases is due. The tax fulfillment date supplements the tax reporting date that specifies the date on which the tax must be reported to the tax authority.

tax fulfillment date - Details

• 
  Key Concepts: 
  Tax Fulfillment Date is a term used in SAP's Materials Management (MM) Invoice Verification (IV) component. It is the date on which the tax liability for an invoice is fulfilled. This date is used to determine when the tax liability for an invoice should be reported to the relevant tax authorities. 
  
  How to use it: 
  The Tax Fulfillment Date is set when an invoice is created in SAP's MM-IV component. The date can be changed if necessary, but it must be set before the invoice can be processed. The Tax Fulfillment Date is used to determine when the tax liability for an invoice should be reported to the relevant tax authorities. 
  
  Tips & Tricks: 
  It is important to ensure that the Tax Fulfillment Date is set correctly, as incorrect dates can lead to incorrect reporting of taxes and penalties from the relevant tax authorities. 
  
  Related Information: 
  For more information on setting the Tax Fulfillment Date in SAP's MM-IV component, please refer to SAP's documentation on Invoice Verification.