hi.,
Can any one share the meaning of sabrix., how it will work in sap.
Thanks
JAGANATHAN R ACMA, SAP(Fi-Co) (Manager Accounts and Finance) (915 Points)
15 December 2021hi.,
Can any one share the meaning of sabrix., how it will work in sap.
Thanks
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 15 December 2021
SABRIX is an enterprise tax solution for Sales tax, Use tax, Value Added tax, and GST automation.
SABRIX has two main components:
The tax engine contains the transaction processing rules such as identifying an export, import, domestic sale and reverse charges scenarios.
The tax content contains tax rates and related rules for many jurisdictions including European Countries, Asia, Pacific, Latin America, North America and much of Africa.
The tax content is updated monthly, if not more often based on changes in the tax laws around the world. It may contain updates to an authority's rate or to the applicability of a rate to a particular product (referred to as product taxability).
Basics of SABRIX:
The SABRIX system will be used to make sales, use and value added tax decisions, calculations during the sales order and validation/use tax accruals during the billing process within SAP's SD, FI, MM modules.
Sales orders/billing and purchase order/invoicing details will be submitted to the SABRIX system from SAP through an interface developed by SAP, which passes the details (data elements) required to:
- Printing an invoice
- Validating a vendor's invoice
Purpose of SABRIX – Financial
From a FI purchasing perspective
Purpose of SABRIX – Materials Management
From a purchasing/invoice verification perspective:
From a sales order/billing perspective, SABRIX will:
Capture data for preparing sales tax returns on a multi-jurisdictional basis. This includes all variables utilized to make the decision including the custom transaction attributes identified later.
Courtesy: https://sap-f2.blogspot.com/2009/11/sap-sabrix-tax-solution-sales-tax-use.htm l
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 15 December 2021