on 07-22-2008 12:54 PM
Hi SD gurus,
Can anybody pls guide me how to configure the Mexico taxes. the tax calculation procedure is Condition based.
Pls guide on this.Its urgent.
Thanks in advance
Regards
G.S.Gupta
Hi Srikanth,
In Mexico, taxes on sales and purchases include:
Value-added tax (VAT), known as impuesto al valor agregado (IVA)
VAT is levied at different rates according to where your business is located.
Excise duty
Excise duty, in the form of a special tax on production and services (impuesto especial sobre producción y servicios (IEPS)), is levied at each stage in the production of alcoholic drinks, tobacco products, and oil products. There are different rates of excise duty for different products. It is applied in addition to VAT, but is calculated on the basis of the net price.
An alcoholic beverage costs MXN 100 per bottle net. VAT at 15% takes the price up to MXN 115; excise duty is then added at 25%, giving a final gross price of MXN 140.
Country Version Mexico comes with all the settings required to handle these taxes.
Please Use this link
http://help.sap.com/saphelp_47x200/helpdata/en/f9/cb97021a5111d3b4cd006094b9ec21/frameset.htm
Thanks,
Raja
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Hi,
These links may be useful to you.
[Mexico|http://help.sap.com/bp_bblibrary/600/BBlibrary_start.htm]
[Best pracrtises|http://service.sap.com/bestpractices.]
[Mexico|http://help.sap.com/printdocu/core/Print46c/en/data/pdf/CAINTMX/CAINTMX.pdf]
Thanks,
Vrajesh
Edited by: Vrajesh Nayak on Jul 22, 2008 9:11 AM
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