What is VAT number in SAP SRD-SRM-GLO-INT - COM-Intrastat/FTA?

SAP Term: VAT number

• Component: SRD-SRM-GLO-INT

• Component Name: COM-Intrastat/FTA

• Description: The tax number for a company given by the local or federal tax office.

Smart SAP Assistant

• Key Concepts: 
  A VAT number is a unique identifier assigned to businesses by the government for the purpose of collecting Value Added Tax (VAT). It is used to identify the business in all transactions related to VAT. In the European Union, it is also known as a Tax Identification Number (TIN).
  
  How to use it: 
  In SAP, a VAT number is used to identify a business in all transactions related to VAT. It is entered into the system when creating a vendor or customer master record. The VAT number can then be used to track and report on all transactions related to VAT.
  
  Tips & Tricks: 
  When entering a VAT number into SAP, make sure that it is entered correctly and that all digits are included. This will ensure that the system can accurately track and report on all transactions related to VAT.
  
  Related Information: 
  The SAP component SRD-SRM-GLO-INT COM-Intrastat/FTA provides functionality for managing and reporting on transactions related to Value Added Tax (VAT). This includes the ability to enter and store VAT numbers for vendors and customers, as well as generate reports on transactions related to VAT.