Dear Community,
As Hungarian Localization Product Manager for Financials I'd like to share some ideas what you would need to do if:
- You have been using the Hungarian local version of S/4HANA Cloud Public Edition some time ago. Therefore, the content updates of tax codes are not delivered in your system.
- You need record documents with the new VAT rate of 0% in your Hungarian company code and/or Hungarian VAT registration.
What to do?
- You might be necessary to define new tax codes with 0% tax rate depending on your business practice:
- In SAP S/4HANA Cloud public edition, you can create the new tax codes with the activation of Time-Dependent Taxes (TDT).
- More TDT related information is available in the SAP Knowledge Base Article 2936931 - TDT S/4HANA Cloud | SAP Knowledge Base Article
- You might need to define the following new tax codes in tax schema 0TXHU (for Hungary):
Tax codes |
EN description |
HU description |
AZ |
EU Sales 0% - Goods |
EU Ért. 0% - Áru |
SZ |
Dom. Sales 0% - Goods |
Belf. Ért. 0% - Áru |
XZ |
Distance Selling 0% - to HU - Goods |
Távolsági értékesítés 0% - HU-ba -Áru |
CZ |
EU Acq. 0% - Goods |
EU Besz. 0% - Áru |
VZ |
Dom. Acq. 0% - Goods |
Belf. Besz. 0% - Áru |
IZ |
nonEU Acq. 0% - Goods |
EU-n kívüli Besz. 0% - Áru |
- Please be aware, that with the new tax codes the following settings might need to be updated to, depending on your business practice:
- Creation of a new tax condition record.
- Creation of DRC Online Invoice Registration-related assignments.
- Inclusion in all relevant DRC reporting (e.g. Hungarian VAT Return: tax box mapping).
I hope that I could help you with this information.
If you have any feedback or suggestions, please feel free to add a comment.