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

SAP Term: input tax treatment

• Component: RE

• Component Name: Real Estate Management

• Description: Under German law, a procedure that is in accordance with the German tax laws § 9b income tax in connection with § 15a sales tax and § 44. SAP represents the legal fundamentals of the input tax treatment in the following phases. Input tax revision phase Construction phase of an asset until the date of the first use of the asset. Input tax adjustment phase Time period from the date of the first use of the asset until the end of that calendar year. Input tax correction phase Phase after the input tax adjustment.

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• Key Concepts: 
  Input tax treatment is a feature of SAP Real Estate Management (RE) that allows users to manage the input tax associated with their real estate transactions. This feature allows users to track and manage the input tax associated with their real estate transactions, such as purchase and sale of properties, rental agreements, and other related activities. 
  
  How to use it: 
  In order to use the input tax treatment feature in SAP RE, users must first set up the relevant tax codes in the system. Once this is done, users can then enter the relevant input tax information for each transaction. This information includes the amount of input tax, the type of input tax (e.g. VAT or GST), and any other relevant details. 
  
  Tips & Tricks: 
  When entering input tax information into SAP RE, it is important to ensure that all of the relevant details are entered accurately. This will help to ensure that the system is able to accurately calculate the amount of input tax due for each transaction. Additionally, it is important to ensure that all of the relevant documents are kept up-to-date in order to ensure that any changes in input tax rates are reflected in the system. 
  
  Related Information: 
  For more information on how to use the input tax treatment feature in SAP RE, please refer to the official SAP documentation. Additionally, there are a number of online resources available which provide detailed instructions on how to set up and use this feature.