Dear Community,

As Hungarian Localization Product Manager for Financials I’d like to share some ideas what you would need to do to if:

• You have been using the Hungarian local version of S/4HANA Cloud public edition sometime ago. Therefore, the content updates of tax codes are not delivered in your system.
• You need record documents with the new VAT rate of 0% in your Hungarian company code and/or Hungarian VAT registration.

What to do?

• You might be necessary to define new tax codes with 0% tax rate depending on your business practice:
  • In SAP S/4HANA Cloud public edition, you can create the new tax codes with the activation of Time-Dependent Taxes (TDT).
  • More TDT related information is available in the SAP Knowledge Base Article 2936931 – TDT S/4Hana Cloud.
  • You might need to define the following new tax codes in tax schema 0TXHU (for Hungary):

• Please be aware, that with the new tax codes the following settings might need to be updated to, depending on your business practice:
  • Creation of a new tax condition record.
  • Creation of DRC Online Invoice Registration-related assignments.
  • Inclusion in all relevant DRC reporting (e.g. Hungarian VAT Return: tax box mapping).

I hope, that I could help you with this information.

If you have any feedback or suggestions, please feel free to add a comment.