We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Plants Abroad Essay Sample

The whole doc is available only for registered users OPEN DOC
  • Pages:
  • Word count: 621
  • Category: value

Get Full Essay

Get access to this section to get all the help you need with your essay and educational goals.

Get Access

Plants Abroad Essay Sample

Plants abroad is a functionality which is integrated in FI module (also partially in SD module). In the old days, every plant needed to be assigned to the country of the company code. As of release 4.0, you can use Plants Abroad to handle tax issues for companies that have VAT registration numbers in more than one country for example a Belgian company code has not only a Belgian VAT registration number but also a German VAT registration number without having a sales organisation in Germany but a warehouse instead. Plants Abroad ensures that the correct value-added tax (VAT) registration number prints on sales and purchasing documents, calculates the right tax, handles stock transfers, and conducts tax and Intrastat reporting correctly.

The plants functionality allows you to assign plants from different countries to one company code. Having a foreign VAT number has also consequences like if a company has a foreign VAT number then it also needs to file VAT return/European Sales Listings/Intrastat returns in that specific country. In order to achieve this, in SAP appropriate customizing is needed. You can activate the plants abroad functionality in IMG. The path is SPRO-Financial accounting – Financial accounting global settings – Tax on sales and purchases – Basic settings – Plants abroad – activate plants abroad. Tick the box with the question: Plants abroad activated?. Once you have done this, you need to enter the foreign VAT numbers. The path is: SPRO-Financial accounting – Financial accounting global settings – Tax on sales and purchases – Basic settings – Plants abroad – Enter VAT registration number for plants abroad.

Here you enter per company code a country code which is different then the actual country where the company is established. Of course also the VAT registration number is required. Once you have done this, you can create tax codes in FTXP, where you need to complete the field “reporting country” in the properties of the new tax code. This means that you can use this tax code for the new VAT registration number/new reporting country. You can assign this tax code to 2 different tax procedures: namely the local tax procedure or TAXEUR. More information can be found on OSS notes: * Oss note 63103: Explains logic regarding tax procedures if you are using plants abroad * Oss note 1085758: Customizing for stock transports

* Another important OSS note is OSS note 850566. If you activate plants abroad then this will be activated for all company codes within one client. You can deactivate for certain company code this functionality which is of course described in the OSS note below: * Oss note 850566: deactivate plants abroad for a particular company code Intrastat

For Intrastat, you need to maintain the Intrastat ID numbers. Most of the time when a company has a foreign VAT registration number in another country, it needs also to file Intrastat returns. In order to run the Intrastat returns for that specific reporting country, you need to maintain some master data relating to the company. You need to enter these data in transaction OBY6 – click on additional details. In the middle of the screen you will see the field Intrastat number ID. Please complete this field. You need to enter your VAT registration number here.

You also need to set up a new pricing procedure and condition types (WIA). Regarding this process you can find more information on the following website of SAP:http://help.sap.com/saphelp_45b/helpdata/en/34/60b19dae724effe10000009b38f91f/content.htm The activation of plants abroad has also consequences for the VAT report (RFUMSV00 program). Here you need to enter/activate additional parameters which are the following: * Reporting country / tax return country

* Country currency instead of local currency

We can write a custom essay

According to Your Specific Requirements

Order an essay

You May Also Find These Documents Helpful

Analysis and Value Chain Analysis

The report provides knowledge about strategic management of Disney. In addition to this, the report provides knowledge towards industry with the help of porter five force analysis.The internal business atmosphere is analyzed based on VRIO frame work.And the external business of the company analyzed by the PESTEL framework. Disney is everywhere these days, but almost hundred years ago it all started with one idea, cartoons. The Disney company have five...

System Definition-Concept Of Operations (ConOps)

1 Concept of Operations, Checklist June 13, 2003 Technical Content Recommendations & Review Criteria Purpose and Scope. This Checklist provides recommended technical content for concept of operations documentation. This document is not a mandatory life cycle document. However, it is useful during project initiation as a place to capture/document pre-project initiation, pre-vendor selection and pre-COTS (computer-off-the-shelf) selection data pending project approval by the appropriate authority....

The development and prosperity organization

The development and prosperity of an organization or a company are reliant in the ethical responsibility of the employees and the management. Individuals must be guided by moral values in running their daily activities as far as they are at workplaces. Corporate social responsibility refers to the way organizations or companies conduct their activities for positive impact in the society by improving the lives of...

Compare and Contrast Responsible vs. Compliant or...

After the emergence of transnational corporations, economists began their careers into the study of economic globalization, therefore, the cross-border operation has become more sophisticated with many theories. Among them, the concept of a global value chain has played an important role in the development of multinational. This essay will focus on the evolution of the value chain. Body Since the 1980s, many scholars have put...

The John Lewis

1. Introduction. The John Lewis brand was founded in 1864 by John Spedan Lewis partnered with his two brothers in Oxford Street, London (John Lewis Partnership, 2013). As being the UK’s one of the leading department store retailer, John Lewis offers customers everything they need: fashions, furnishings and household goods of all kinds at competitive prices with excellent service and free delivery ( John Lewis...

Get Access To The Full Essay
Materials Daily
100,000+ Subjects
2000+ Topics
Free Plagiarism
All Materials
are Cataloged Well

Sorry, but copying text is forbidden on this website. If you need this or any other sample, we can send it to you via email.

By clicking "SEND", you agree to our terms of service and privacy policy. We'll occasionally send you account related and promo emails.
Sorry, but only registered users have full access

How about getting this access

Become a member

Your Answer Is Very Helpful For Us
Thank You A Lot!


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?

Can't find What you were Looking for?

Get access to our huge, continuously updated knowledge base

The next update will be in:
14 : 59 : 59
Become a Member