What is intra-community triangulation in SAP SRD-FIN-TAX - FIN-Tax Management?

SAP Term: intra-community triangulation

• Component: SRD-FIN-TAX

• Component Name: FIN-Tax Management

• Description: A special kind of drop shipment involving three parties located in different EU member states.

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• Key Concepts: 
  Intra-community triangulation is a process used in SAP’s Financial Tax Management (SRD-FIN-TAX) component to manage the taxation of intra-community transactions. Intra-community transactions are those that take place between two entities within the same country, such as between two companies in the same country. The process of intra-community triangulation involves calculating the taxes due on these transactions and ensuring that they are paid correctly.
  
  How to use it: 
  In order to use intra-community triangulation in SAP’s Financial Tax Management component, you must first set up the necessary tax codes and rates for the countries involved in the transaction. Once this is done, you can then enter the details of the transaction into the system and it will automatically calculate the taxes due. You can then review and approve the taxes before they are paid.
  
  Tips & Tricks: 
  When setting up tax codes and rates for intra-community transactions, it is important to ensure that they are accurate and up to date. This will help to ensure that the taxes due are calculated correctly and that they are paid on time. Additionally, it is important to keep track of any changes in tax laws or regulations that may affect intra-community transactions.
  
  Related Information: 
  For more information on intra-community triangulation in SAP’s Financial Tax Management component, please refer to SAP’s documentation on the topic. Additionally, there are a number of online resources available that provide further information on this process and how it works in SAP’s Financial Tax Management component.