VSC05 - Tax Specifications

SAP Transaction Code - Details

• Transaction Code: VSC05

  Description: Tax Specifications

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: ISCDFUN

    Package Description: FS-CD: Collections/Disbursements Functionality

    Parent Package: FS-CD

  • Module/Component: FS-CD

    Description: Collections/Disbursements

Smart SAP Assistant

• SAP Tcode: VSC05 - Tax Specifications

  
  Overview:
  The SAP transaction code VSC05 is used to maintain tax specifications for a company code. It allows users to define the tax codes and tax rates that will be used in the company code. This transaction code is part of the Financial Accounting (FI) module. 
  
  Functionality: 
  VSC05 enables users to define the tax codes and tax rates that will be used in the company code. It also allows users to maintain the tax codes and tax rates for different countries, as well as to assign them to specific accounts. Additionally, it allows users to define the tax calculation methods and the tax base amounts for each country. 
  
  Step-by-step How to Use: 
  1. Enter transaction code VSC05 in the command field. 
  2. Select the company code for which you want to maintain the tax specifications. 
  3. Select the country for which you want to maintain the tax specifications. 
  4. Enter the tax codes and tax rates that you want to use in this company code. 
  5. Assign the tax codes and tax rates to specific accounts, if necessary. 
  6. Define the tax calculation methods and the tax base amounts for each country, if necessary. 
  7. Save your changes. 
  
  Other Recommendations: 
  It is important to note that VSC05 should only be used by experienced users who are familiar with SAP Financial Accounting (FI) module and its related transactions codes. Additionally, it is recommended that users always make a backup of their data before making any changes in VSC05, as any incorrect changes can have a significant impact on a company’s financials.