Define Tax Codes for Sales and Purchases

Define Tax Codes for Sales and Purchases

Path: SPRO - Select SAP reference IMG - Financial Accounting - Financial Accounting Global Settings - Tax on Sales/Purchase - Calculation - Define Tax Codes for Sales and Purchases (transaction code is FTXP)

In the menu path select

Tax Codes for Purchases

Step 1) Give the Country
Press enter

Give the Tax Code
Press enter

Step 2) Give the Description
Select V input tax from the drop down menu
Press Enter

Step 3) Keep the cursor on Output Tax, Tax Percent Rate
Select the Deactivate line button

Step 4) Select the save buttonwe receive a message below

Step 5) Give the Tax Code
Press enter

Step 6) Give the Description
Select V input tax from the drop down menu
Press Enter

Step 7) Keep the cursor on Output Tax, Tax Percent Rate
Select the Deactivate line button

Step 8) Select the save buttonwe receive a message below

Tax Codes for Sales

Step 1) Give the Tax Code
Press enter

Step 2) Give the Description
Select A Output tax from the drop down menu
Press Enter

Step 3) Keep the cursor on Input Tax, Tax Percent Rate
Select the Deactivate line button

Step 4) Select the save buttonwe receive a message below

Step 5) Give the Tax Code
Press enter

Step 6) Give the Description
Select A Output tax from the drop down menu
Press Enter

Step 7) Keep the cursor on Input Tax, Tax Percent Rate
Select the Deactivate line button

Step 8) Select the save buttonwe receive a message below