Tax Balance Sheet (SAP Business One)

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the Tax balance sheet is a balance sheet that is prepared in accordance with the provisions of tax law and serves as the basis for calculating taxable profit - in particular for corporate income tax or tax purposes. income tax of a company.

In contrast to the commercial balance sheet, the tax balance sheet is used exclusively for tax purposes. It shows how the tax authorities view a company's profit. Differences between the commercial balance sheet and the tax balance sheet result from different valuation methods and special tax regulations.

SAP Business One does not offer an explicit function for creating a tax balance sheet in the narrower sense. However, the system supports tax requirements indirectly through:

the possibility, different assessment areas for fixed assets (e.g. tax vs. commercial law),
the use of tax code for the precise posting of VAT and withholding tax,
the definition of tax-relevant accounts and rates for specific transactions (e.g. reverse chargeintra-Community acquisitions),
and the Detailed tax reporting (VAT, Summarised message, withholding tax report).
Special valuation requirements can be met by add-ons such as the Versino Financial Suite that enable advanced financial analyses.

These functions create the data basis for an external preparation of the tax balance sheet, for example via DATEV or by the tax consultant. The tax valuations and postings mapped in SAP Business One should be coordinated with a tax expert.