Cayman (KY) calculation procedure

[819]

Hi All,

I created a new company code in the Cayman Islands,

and when I open an order for this company, an error occurs in FV60

"FF703 - Company code not assigned to country or country to calculation procedure"

There appears to be no SAP standard calculation procedure for the Cayman Islands. Should I build?

There are some articles in the community, but it seems that there is no conclusion

Thanks All !!

[819]

Update information, I created procedure, but not set control data.

Because I don't need to set a tax code for Cayman.

Does setting control data have any other impact besides tax code?

Thanks All !

[VijaykumarV · Accepted solution]

Hi @819 

I think Cayman falls under British Territory, you can copy UK tax procedure and create a new tax procedure for Cayman. Also as Cayman is zero tax country, you don't need to create any tax codes for calculating taxes but only zero tax code might be required. 

Please do as mentioned as confirm.

Regards

Vijaykumar

[819 · Accepted solution]

Hi @VijaykumarV ,

So will it have any impact if I don't set a zero tax code?

Thanks !

[VijaykumarV]

Hi @819 

You can copy the procedure and maintain.

You don't need to create zero tax but in case of transactions where you need a assign a tax code even its zero tax, you can use tax procedure and create zero tax codes. 

Regards

Vijaykumar

[819]

Hi @VijaykumarV ,

Thank you for your reply, I will try to maintain and test if there is any problem.

If there is any news, I will update later.

Thanks !