How to use FW47 - Customizing tax rates

SAP Transaction Code - Details

• Transaction Code: FW47

  Description: Customizing tax rates

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: FVVW

    Package Description: Treasury Management: Securities

    Parent Package: FS_TRM

  • Module/Component: FIN-FSCM-TRM-TM

    Description: Transaction Manager

Smart SAP Assistant

• SAP Tcode: FW47 - Customizing tax rates

  
  Overview:
  Transaction code FW47 is used to customize tax rates in the SAP system. It allows users to set up and maintain tax rates for different countries, regions, and cities. This transaction code is part of the Financial Accounting (FI) module. 
  
  Functionality: 
  The main purpose of transaction code FW47 is to set up and maintain tax rates for different countries, regions, and cities. This includes setting up the tax rate for each country, region, and city, as well as setting up the tax rate for each type of transaction (e.g., sales, purchases, etc.). This transaction code also allows users to view existing tax rates and make changes as needed. 
  
  Step-by-step How to Use: 
  1. Enter transaction code FW47 in the command field. 
  2. Select the country/region/city for which you want to set up a tax rate. 
  3. Enter the tax rate for each type of transaction (e.g., sales, purchases, etc.). 
  4. Save your changes. 
  5. Repeat steps 1-4 for each country/region/city you want to set up a tax rate for. 
  
  Other Recommendations: 
  It is important to note that the tax rates set up in transaction code FW47 are only applicable to transactions within the SAP system. If you need to set up tax rates for transactions outside of SAP, you will need to do so separately. Additionally, it is important to ensure that all tax rates are kept up-to-date in order to ensure compliance with local laws and regulations.