Prerequisites to Ensure Acquisition Tax Accrual Functionality Works Correctly

  • by Kees van Westerop, Senior SAP Consultant, Kwest Consulting
  • April 29, 2013
SAPexperts/GRC
Follow a checklist of prerequisites to ensure acquisition tax accrual functionality works correctly in your SAP system.

In a few European Union (EU) countries, companies receiving goods without an invoice receipt must make an acquisition tax accrual and include it in a value-added tax (VAT) declaration to be able to comply with legal reporting requirements. The goods must have been shipped from other EU countries. The functionality developed by SAP to handle this legal requirement is called acquisition tax accrual. The functionality is generally available since SAP R/3 4.6C. The tax accrual has to be made for the Czech Republic, Hungary, Poland, and Slovakia.

For the acquisition tax accrual functionality to work correctly, you need to fulfill some prerequisites. I have listed these prerequisites in this tip.

Note
This tip was taken from my article titled “Use SAP Acquisition Tax Accrual to Meet VAT Declaration Requirements.”

Kees van Westerop

Kees van Westerop has been working as an SAP consultant for more than 25 years. He has an MBA degree in mathematics and a degree in finance. Kees has been concentrating on the financial modules, especially in general ledger accounting, cost center accounting, and consolidation. He also has a great deal of experience with rollouts of kernel systems and integrating finance and logistics.

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