SAP Note 1371729 - EU tax package 2010

Component : Taxes - Value Added Tax (VAT)

Solution : https://service.sap.com/sap/support/notes/1371729 (SAP Service marketplace login required)

Summary :
This SAP Note details the implementation of the EU tax package 2010 for services in ERP systems, effective from January 1, 2010, in line with EU Directive 2008/8. It distinguishes between B2B and B2C scenarios for tax processing. For B2B, the service location is the business headquarters of the recipient, with tax transferred to the recipient. New tax codes and reverse charge mechanisms need configuration in the ERP, covered in detailed Customizing steps. This includes creating appropriate tax codes in FI and SD, updating VAT registration numbers, and setting conditional tax determination parameters to ensure compliance with the new regulation.

Key words :
basic settings financial accounting -> sales tax - calculation -> define tax codes, missing country-specific execution regulations, -added tax deduction procedure reason, country-specific tax rate, relevant status determination procedure, relevant tax determination procedure, tax type input tax, added tax registration number, tax category input tax, vat registration number exists

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