What is transaction tax in SAP SRD-CRM-INV - CRM-Customer Invoice?

SAP Term: transaction tax

• Component: SRD-CRM-INV

• Component Name: CRM-Customer Invoice

• Description: A tax that uses a specific type of transaction as its object such as sales tax, excise tax, or withholding tax.

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• Key Concepts: 
  Transaction tax is a type of tax that is applied to a transaction, such as a sale or purchase. In SAP, transaction tax is used to calculate the amount of taxes due on a customer invoice. It is based on the customer's location and the type of goods or services being purchased. 
  
  How to use it: 
  In SAP, transaction tax is calculated using the SRD-CRM-INV CRM-Customer Invoice component. This component allows users to enter the customer's location and the type of goods or services being purchased. The system then calculates the amount of taxes due on the invoice. 
  
  Tips & Tricks: 
  When entering customer information into the SRD-CRM-INV CRM-Customer Invoice component, make sure to double check that all information is accurate. This will ensure that the correct amount of taxes are calculated for each invoice. 
  
  Related Information: 
  Transaction tax is just one type of tax that can be applied in SAP. Other types of taxes include sales tax, value added tax (VAT), and excise tax.