Error 1452 Cannot add or update a child row: a foreign key constraint fails...

Hello I got

Error 1452 Cannot add or update a child row: a foreign key constraint fails (`radinasw_resin`.`m_sr_reservation_assets`, CONSTRAINT `fk_jos_sr_reservation_assets_jos_sr_taxes1` FOREIGN KEY (`tax_id`) REFERENCES `m3lt9_sr_taxes` (`id`) ON DELETE NO ACTION ON UPDATE ) SQL=INSERT INTO `m3lt9_sr_reservation_assets` \

This is rather strange..... Could you please let me know what might be the reason for this error?

Thank you.

Update!

Please ignore! Error is fixed when appropriate taxation added to the asset!