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Could you confirm my understanding on a Tax Classification Code

edited 11:10AM in Tax & Global 1 comment

Could you please confirm whether my understanding below is correct regarding the Tax Classification Code (TCC)?

  • The Tax Classification Code is owned and determined by the Finance team (AP/AR), not by Procurement.
  • In the standard flow, Finance enters and finalizes the TCC at the invoice stage, which matches the system behavior where it is derived from the Supplier Master and used during invoice processing.

Your confirmation would be greatly appreciated.

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