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Assign Tax Codes for Non-Taxable Transactions | OBCL

FICO - Assign Tax Codes for Non-Taxable Transactions

In this transaction you should assign tax codes which will be used for non-taxable transactions. Almost every country has business and/or government transactions for which not input or output tax should apply.

Transaction: OBCL

IMG Path: Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Tax on Sales/Purchases -> Posting -> Assign Tax Codes for Non-Taxable transactions

Table: T001

 

When you open the transaction, find your company code and assign tax codes for input and output taxes as well as enter an jurisdiction code if such is necessary.

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