This activity is used to enter and update tax classes and update tax codes per tax class. For each combination of delivery country, tax liability and valid from date you can enter a specific tax code. By entering several rows for the same delivery country, but with different valid from dates, you can apply different tax rates for different dates. Tax Liability can, in this context, be used to handle specific scenarios, e.g. where a certain country's tax rate should be levied for a delivery address in another country.
This activity requires that tax codes exist in IFS Financials.
As a result of this activity, tax classes and country specific tax codes can be connected to sales items like sales parts, sales objects, sales charge types and report codes.