What is ZKGNG code in SAP PY-UA - Ukraine?

SAP Term: ZKGNG code

• Component: PY-UA

• Component Name: Ukraine

• Description: A code used in to classify what business activities a company is engaged in, according to the Classifier of Branches of the National Economy. The codes cover different types of business activities from all areas, where the economic activities are divided into production and non-production spheres. The ZKGNG classification has been replaced by the KVED classification, which was introduced by the State Statistics Committee in 2001.

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• Key Concepts: 
  ZKGNG code is a unique code used in the SAP system to identify the tax rate for a particular country. In the case of Ukraine, the ZKGNG code is PY-UA. This code is used to determine the amount of taxes that must be paid by an individual or company in Ukraine. 
  
  How to use it: 
  The ZKGNG code is used in the SAP system to identify the tax rate for a particular country. In order to use this code, you must first enter the country code (PY-UA) into the system. Once this is done, the system will then calculate the applicable tax rate for that country. 
  
  Tips & Tricks: 
  When entering the ZKGNG code into the SAP system, make sure to double-check that you have entered it correctly. If you enter an incorrect code, it could result in incorrect tax calculations and could lead to penalties or fines. 
  
  Related Information: 
  The ZKGNG code is just one of many codes used in the SAP system to identify different countries and their respective tax rates. Other codes include VAT codes, withholding tax codes, and social security codes. It is important to understand how these codes work in order to ensure accurate tax calculations.