This is mandatory basic knowledge for any SAP FICO Consultant
It’s very important to understand the meaning of Value Added Taxes “VAT”, since it’s a mandatory government regulation and every consultant will deal with this sooner or later
VAT also has to be reported to government authorities periodically, so it’s important to know how to generate the related reports on SAP
In the video below, I started by explaining the meaning of VAT and how it works, then as usual I followed this with and SAP S4HANA system demo for the whole process
The demo in the video is also applicable to SAP ECC
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