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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.
Read More »Assign Tax Codes for Non-Taxable Transactions | OBCL
