SAP Message F7229 - Only company codes without a jurisdiction code permitted

Diagnosis
You chose a company code lying in a country in which the entry ofa tax jurisdiction (jurisdiction code) is obligatory.

Procedure
Please specify a company code without jurisdiction code. If theconfiguration is incorrect, proceed as follows:
Check in which country the entered company code lies.
Proceed.
Check to which tax table this country is allocated.
Proceed.
Correct the entry of the tax table in the table of the taxjurisdictions.
Proceed.