What is CGA in SAP PY-PT - Portugal?

SAP Term: CGA

• Component: PY-PT

• Component Name: Portugal

• Description: Caixa Geral de Aposentações The organization that manages the pension schemes retirement, survivor and death benefits, and other special pension schemes of public sector employees in appointed before 2006-01-01.

Smart SAP Assistant

• Key Concepts: 
  CGA stands for Contribuição Geral sobre o Activo (General Contribution on Assets). It is a Portuguese tax that is levied on the assets of companies operating in Portugal. It is a form of corporate income tax and is calculated based on the company's total assets. 
  
  How to use it: 
  In the PY-PT Portugal component of SAP, CGA is used to calculate the amount of tax that a company must pay based on its total assets. The CGA rate is set by the Portuguese government and can vary from year to year. The CGA rate for 2021 is 0.3%. 
  
  Tips & Tricks: 
  When calculating CGA, it is important to take into account any deductions or exemptions that may be available. For example, some companies may be eligible for a reduced rate of CGA if they meet certain criteria. 
  
  Related Information: 
  For more information about CGA and other taxes in Portugal, please refer to the Portuguese Tax Authority website (www.at.gov.pt). Additionally, SAP provides detailed documentation on how to use the PY-PT Portugal component to calculate CGA.