Compliance Formats - Support Preparation for Czech Republic (5Z7)

Compliance Formats - Support Preparation for Czech Republic (5Z7)

SAP S/4HANA for advanced compliance reporting is a global legal reporting platform that caters to companies’ indirect tax reporting requirements. This solution enables the end-to-end process of legal reporting including multiple activities that may be necessary to complete the legal reporting. The solution offers a unified and harmonized user experience across countries and reports, enabling a simplified view of the reporting status to the business users and the company's head of tax and compliance. It also provides a design environment to easily create and extend additional report requirements.

Key Process Steps Covered

For information on covered process flows, see the following SAP note (list of covered legal obligations by country):

https://launchpad.support.sap.com/#/notes/2938041

Benefits

  • Monitor status in a reporting dashboard
  • Get versioning of legal output formats
  • Go through correction, additional correction, and clarification phases
  • Submit reports manually to government authorities or electronically where applicable
  • Provide audit trail
  • Perform ad hoc reporting

Additional Information

  • This scope item is excluded from the default activation

The related Compliance Formats - Support Preparation (1J2) scope item has been restructured and no longer requires an additional license. Generating and downloading the legal file formats is possible as part of the underlying S/4HANA Cloud license.

The advanced and additionally licensed features of SAP Document and Reporting Compliance for SAP S/4HANA Cloud (the successor of SAP Advanced Compliance Reporting for SAP S/4HANA Cloud, which has been discontinued) and are controlled via the Document and Reporting Compliance (5XU) scope item.

- For a customer with S/4HANA Cloud license before Q4/2021:

If more than 24 declarations using Advanced Compliance reporting are made, either the additional license is required or advanced features need to be switched off.

For customers who bought S/4HANA Cloud before Q4/2021, advanced features are automatically visible. Only if Document and Reporting Compliance (5XU) is activated, visibility will be controlled according to the maintenance of this scope item.


Where is Compliance Formats - Support Preparation for Czech Republic(5Z7) being used?

This Scope item is used in the following way:

  • As a support function of Advanced Accounting and Financial Close within Finance Scope Item Group

Process flow of Compliance Formats - Support Preparation for Czech Republic (5Z7)

Find below the process flow of the scope item Compliance Formats - Support Preparation for Czech Republic as it is defined for release s4hc-2111.


Download Process Flow of Best Practice scenario Compliance Formats - Support Preparation for Czech Republic (5Z7) - S/4HANA Cloud
Ref: Finance of SAP S4HC-2111
Best Practices related to S/4HANA*1) Yearly Updates are released per September of each year
*2) The Quarterly updates are released per Februari, May, August and November
Details of future releases can be found in the SAP Roadmap section of each product. Go to SAP Roadmap Product Finder.
Knowledge Center Scheer Nederland | The Process Experts Visit also the SAP Cloud ERP knowledge center of Scheer Netherlands. The following topics are covered:
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