In SAP, tax values for invoicing items are calculated when creating billing documents or sales orders. This process involves computing taxes for billing documents using condition techniques. These techniques consider crucial factors such as the departure country, destination country, customer tax classification, and material tax classification.
If the tax determination logic is set up incorrectly, it can result in inaccurate tax reporting and unprocessed orders. Errors in VAT treatment on invoices may lead to customer rejections and nonpayment, while tax authorities could impose owed VAT, which may ultimately result in audits.
The KGT SAP add-on improves SAP's standard VAT determination logic functionality by offering additional features that enhance its capabilities.
- Accurate tax calculation parameters based on departure and destination countries.
- Automatic identification of special transactions like triangulation deals within the EU and beyond.
- Reliable VAT registration number determination.
- Configuration of separate invoice number ranges.
The SAP add-on functions through tables and program logic without affecting the MWST condition. A function module is responsible for adjusting the parameters for MWST determination in sales orders and invoices. Maintaining the MWST condition is streamlined, requiring only exception management in the tables. A solid understanding of VAT is only needed to effectively manage these tables.
The KGT VAT add-on is customizable to meet specific customer requirements and is installed under the SAP KGT namespace. Its user-friendly design allows VAT specialists to easily maintain and verify configurations, significantly reducing errors and minimizing the need for user intervention.
As a recognized leader and long-standing official 'SAP Build partner', KGT specializes in developing SAP add-ons for VAT reporting, EC listing, e-invoicing, and SAF-T reporting. Our solutions support a company's tax control framework and include features such as Intrastat reporting, VAT number validation, and VAT data analytics:
- KGT SAP add-on for managing all your e-invoicing needs
- KGT SAP add-on for managing all your SAF-T needs
- KGT SAP add-on for Validating VAT Numbers in SAP
- SAP add-on for EU VAT and EC listing reporting
- KGT SAP add-ons for managing all your Intrastat needs
- SAP add-on for VAT data analytics
- Implementing and configuring SAP DRC
We provide comprehensive tax solutions that support our clients throughout their entire tax lifecycle within SAP. Our services are utilized by reputable multinational companies across Europe and beyond.
KGT is a SAP partner for PE services and SAP Build partner, and to become an SAP partner, strict due diligence requirements must be met, including having certified SAP consultants. You can find us at: https://partnerfinder.sap.com/profile/0001925409
