What is input tax correction in SAP RE - Real Estate Management?

SAP Term: input tax correction

• Component: RE

• Component Name: Real Estate Management

• Description: German law A method used for complying with the German Sales/Purchases Tax Law §15a 1 UstG. If the decisive factors leading to the original input tax deduction change significantly at a later date, then the input tax must be corrected, provided that trivial amount limits set by law §44 UstDV were exceeded. The input tax is corrected dependent on the change in the option rate. This means that over a time period of up to ten years, the system posts the proportional difference between the actually deducted input tax and the input tax that is really deductible based on the current option rate.

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• Key Concepts: 
  Input tax correction is a feature of SAP Real Estate Management (RE) that allows users to correct input tax amounts that have been incorrectly posted. This feature is used to adjust the input tax amount in the system, which is necessary when the actual input tax amount differs from the amount that was initially posted. 
  
  How to use it: 
  To use the input tax correction feature, users must first access the RE transaction code FB08. From there, they can enter the document number and fiscal year of the document they wish to correct. Once this information is entered, users can select the “Input Tax Correction” option and enter the new input tax amount. 
  
  Tips & Tricks: 
  When using the input tax correction feature, it is important to remember that only documents with an open item status can be corrected. Additionally, users should be aware that any changes made to a document using this feature will be logged in the system for future reference. 
  
  Related Information: 
  For more information on using the input tax correction feature in SAP Real Estate Management, please refer to SAP Help documentation or contact your local SAP support team.