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How taxes are taken care of in the SAP FICO?

How taxes are taken care of in the SAP FICO?

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How taxes are taken care of in the SAP FICO?

Answer

One of the major issues is Tax Slabs are not similar in all countries. Also, there are additional taxes applicable there. SAP FICO has a tax procedure already defined in it for various nations and the users are free to get the information regarding the same. The Tax amounts can be sent to stocks by default or the users are free to make challenges in them as per their needs and convince. Thus, taxes are not an issue with the SAP FICO.

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