What is tax calculation in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: tax calculation

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: The determination and calculation of tax elements of a business case.

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• Key Concepts: 
  Tax calculation is a process used in SAP Customer Relationship Management (CRM) to calculate taxes on customer orders. It is used to ensure that customers are charged the correct amount of taxes for their orders. The tax calculation process takes into account the customer's location, the type of product or service being purchased, and any applicable tax rates. 
  
  How to use it: 
  In SAP CRM, tax calculation is done automatically when a customer places an order. The system will calculate the applicable taxes based on the customer's location and the type of product or service being purchased. The customer will then be charged the correct amount of taxes for their order. 
  
  Tips & Tricks: 
  It is important to keep your tax rates up-to-date in order for the tax calculation process to work correctly. Additionally, it is important to ensure that your customers are aware of any applicable taxes before they place their orders. 
  
  Related Information: 
  For more information on tax calculation in SAP CRM, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/CRM/7.0/en-US/f3d8f9a2b6c14e8a9f3d7c2b5f9e4d1a.html