Tax reporting is part of the financial accounting and is restricted to one country. Therefore, the LN tax handling in a multi-company structure is similar to the tax handling in a single company environment.
Tax handling in LN includes the following:
· Tax registration
For tax registration, you define the various tax details for each country in the Taxation module. In the General Ledger module of Financials, you specify the ledger accounts for the tax amounts separately for each financial company. LN can post the tax amounts calculated for a tax code to different ledger accounts in the individual financial companies, for example, in a single logistic, multi-financial company structure.