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

SAP Term: input tax revision

• Component: RE

• Component Name: Real Estate Management

• Description: Under German law, time period of the construction phase of an asset until the date of first use. If there is a provisional agreement with commercial usage for the rental unit, an input tax deduction can be made for the acquisition and manufacture costs.

Smart SAP Assistant

• Key Concepts: 
  Input tax revision is a feature of SAP Real Estate Management (RE) that allows users to adjust the amount of input tax that has been charged on a particular transaction. This feature is useful for businesses that need to make changes to the amount of input tax they have paid due to changes in the applicable tax rate or other factors. 
  
  How to use it: 
  In order to use the input tax revision feature, users must first enter the relevant transaction data into SAP RE. Once this is done, users can then access the input tax revision screen and make adjustments to the amount of input tax that has been charged. The revised amount will then be reflected in the relevant reports and documents. 
  
  Tips & Tricks: 
  It is important to ensure that all changes made to the input tax are accurate and up-to-date. This will help ensure that businesses are not overpaying or underpaying their taxes. Additionally, it is important to keep track of any changes made to the input tax as these may need to be reported to the relevant authorities. 
  
  Related Information: 
  For more information on how to use the input tax revision feature in SAP RE, please refer to the official SAP documentation. Additionally, there are a number of online resources available that provide detailed instructions on how to use this feature.