Maintain Tax Year – A summary of the activity

Through this activity, you can define a tax year applicable for a statutory setup unit. Tax year refers to a period for which the taxes are computed and paid to the respective authorities.

Creating a tax year is a prerequisite for creating and maintaining a tax structure.

It involves specifying

• A unique code and description identifying a tax year.

• The period for which the tax year is effective by specifying the start and end dates.

Getting familiar with the pages inside