Invoice Tax Information codes can be created to capture tax information on invoices when the site requires a tax on contingent labor and services performed by an MSP.
Contingent labor and the services performed by an MSP are considered taxable under the tax laws of many countries. As such, invoices generated by SAP Fieldglass for suppliers in those countries must meet the required guidelines to be considered valid for obtaining tax credits.
The required tax information on an invoice can include items such as the VAT number, the address of the buyer/MSP/supplier, the country code, or a description of services.
The information that is needed for these invoices must be entered into SAP Fieldglass for both buyers and suppliers. When the information has been entered, you can associate the information to the specific buyer sites that require this data.
To claim credits for taxes paid, it is imperative that the invoice a company receives be considered a valid tax invoice. Specific pieces of information must appear on the invoice, which can vary from country to country. The required information can include items such as the VAT number, the address of the buyer/MSP/supplier, the country code, or a description of services.