What is equalization levy in SAP PY-DE - Germany?

SAP Term: equalization levy

• Component: PY-DE

• Component Name: Germany

• Description: Fixed amounts which are paid each month by both private and public employers for each work center which should be but is not taken by a severely challenged employee or a person on a par with a severely challenged employee. Employers pay equalization levies on a yearly basis to the main social welfare office in whose jurisdiction they are located.

Smart SAP Assistant

• Key Concepts: 
  Equalization Levy is a tax imposed by the German government on certain digital services provided by non-resident companies. It is applicable to companies that are not registered in Germany but provide digital services to German customers. The levy is calculated as a percentage of the total value of the digital services provided. 
  
  How to use it: 
  In SAP, the Equalization Levy is managed through the component PY-DE Germany. This component allows users to calculate and manage the levy for each digital service provided. It also provides information on the applicable tax rates and other relevant details. 
  
  Tips & Tricks: 
  When using the PY-DE Germany component, it is important to ensure that all relevant information is entered accurately. This includes the total value of the digital services provided, as well as any applicable discounts or exemptions. 
  
  Related Information: 
  For more information on Equalization Levy, please refer to the official website of the German Federal Ministry of Finance (https://www.bundesfinanzministerium.de/).