SAP S/4HANA Financial Accounting Configuration: Learn Configuration and Development on an S/4 System

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2023

A. OkungbowaSAP S/4HANA Financial Accounting Configurationhttps://doi.org/10.1007/978-1-4842-8957-0_10

10. Tax on Sales / Purchases

Andrew Okungbowa¹  

(1)

New Addington, UK

 

In this chapter, we will learn how tax on sales and purchases are represented in SAP S4 HANA and explore how to define VAT on sales and purchases.

At the end of this chapter, you will be able to:

• Demonstrate an understanding of what a tax on sale/purchase is.

• Create a sales/purchase tax code.

• Specify Tax Category in the GL accounts to which tax will be posted.

• Identify basic tax codes for sales and purchases.

• Specify the accounts to which different tax types are posted.

• Assign tax code to non-taxable ...