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This SAP article will guide you all about “How to Create Tax Codes in SAP” step by step with screenshots.

Steps to Create Tax Codes in SAP

SAP IMG Path:– SPRO > SAP Reference IMG (F5) > Financial Accounting > Financial Accounting Global Settings > Tax on sales/purchase > Calculation > Define tax codes for sales and purchases

Transaction Code:– FTXP

Step 1:- Click on “Define tax codes for sales and purchases”

Step 2:- Enter country key and press enter to continue

Step 3:- Enter new tax code in the tax code field and enter

Step 4:-  Update the following data.

1. Update the description of tax code


2. Enter tax type i.e V is for Input Tax and A is for output tax

Step 5:- Enter tax rate in the tax.percent.rate field

Step 6:- Choose save icon to save the data.

Now, we have successfully done with “How to Create Tax Codes in SAP”.