How to use VYTAX2 - Transaction-Relevant Tax Code

SAP Transaction Code - Details

• Transaction Code: VYTAX2

  Description: Transaction-Relevant Tax Code

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: ISCDFUN

    Package Description: FS-CD: Collections/Disbursements Functionality

    Parent Package: FS-CD

  • Module/Component: FS-CD

    Description: Collections/Disbursements

Smart SAP Assistant

• SAP Tcode: VYTAX2 - Transaction-Relevant Tax Code

  
  Overview:
  The SAP transaction code VYTAX2 is used to maintain transaction-relevant tax codes in the SAP system. This code is used to define the tax codes that are applicable to a particular transaction. It is also used to assign the relevant tax codes to a particular transaction. 
  
  Functionality:
  The VYTAX2 transaction code allows users to maintain and assign tax codes for transactions in the SAP system. It enables users to define the tax codes that are applicable to a particular transaction, as well as assign the relevant tax codes to a particular transaction. This code also allows users to view and edit existing tax codes, as well as create new ones. 
  
  Step-by-step How to Use:
  1. Enter the VYTAX2 transaction code in the command field. 
  2. Select the “Maintain Tax Codes” option from the menu. 
  3. Select the “Create” option from the menu. 
  4. Enter the required information for the new tax code, such as name, description, and rate. 
  5. Select “Save” to save the new tax code. 
  6. Select “Assign Tax Code” from the menu. 
  7. Select the appropriate tax code from the list of available tax codes and assign it to a particular transaction. 
  8. Select “Save” to save your changes. 
  
  Other Recommendations:
  It is important to ensure that all relevant tax codes are assigned correctly in order for transactions to be processed correctly in SAP. It is also important to regularly review and update existing tax codes in order to ensure accuracy and compliance with applicable laws and regulations.