SAP Message 8B269 - Tax account not found for chart of accounts &1, p. key &2, tax code &3

Diagnosis
The tax account for procedure &1 posting key &2 and tax code &3 is notdefined.

System Response
Material document - tax calculation error.
To carry out automatic postings for tax items the account is required.

Procedure
Please check the automatic postings for taxes in financials.