What is specific exemption in SAP (AP-TTE - CRM Transaction Tax Engine)?

SAP Term: specific exemption

• Component: AP-TTE

• Component Name: CRM Transaction Tax Engine

• Description: The freedom from tax obligation that is applicable to transactions of a particular type that applies to a particular company. Any company claiming a specific exemption must have an exemption license.

AnswerBot for ERP

• Key Concepts: 
  Specific exemption is a feature of the SAP AP-TTE CRM Transaction Tax Engine that allows users to exempt certain transactions from taxation. This feature is useful for businesses that need to exempt certain transactions from taxation due to legal or other reasons. 
  
  How to use it: 
  To use the specific exemption feature, users must first configure the tax engine to recognize the specific transactions that need to be exempted. This can be done by setting up a specific exemption rule in the tax engine. Once the rule is set up, the tax engine will automatically exempt any transactions that meet the criteria of the rule. 
  
  Tips & Tricks: 
  When setting up a specific exemption rule, it is important to ensure that all relevant criteria are included in the rule. This will ensure that all applicable transactions are correctly exempted from taxation. Additionally, it is important to regularly review and update the exemption rules as needed to ensure accuracy and compliance with applicable laws and regulations. 
  
  Related Information: 
  For more information on how to configure and use the specific exemption feature of SAP AP-TTE CRM Transaction Tax Engine, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature effectively.