Tax and Global

Get Involved. Join the Conversation.

Topic

    Manish Sinha
    Europeon Tax Solution where company is VAT Registered in...
    Topic posted September 10, 2018 by Manish SinhaGold Medal: 3,500+ Points, last edited January 30, 2019, tagged Financials 
    85 Views, 4 Comments
    Title:
    Europeon Tax Solution where company is VAT Registered in another country
    Summary:
    EU Tax Solution for company who are only VAT Registered in another country
    Content:

    EU Client.

    Registered in home country. Also they are only VAT Registered in 5 more EU countries. They have warehouse there and they do procurement and Sales from these warehouses.

    Since, they are VAT Registered in another EU countries, they have to report the tax to the local authority also.

    We have one Legal Entity only.

    Does any one has encounter the similar issue? If yes, what should be the solution approach?

     

     

    Version:
    R13
    Code Snippet:

    Comment

     

    • Zlatko Alvir
      Hi,
      You need to set Tax Regime to Rate flow for each country and after that related tax rules.
      zlatko
      
      • Manish Sinha

        Thanks Zlatko :)

        I will follow your guidance and will update you the results.

        Have you implemented EU Triangulation Tax Rules?

    • Rohan Kamat

      Try making the Legal entity subscribe to 5 regimes for 5 authorities and setup taxes (R2R) flow for taxes in those countries & create rules based on Ship From and Ship To of the countries where it is registered .

      • Manish Sinha

        Thanks Rohan :)

        I will follow your guidance and will update you the results.

        Have you implemented EU Triangulation Tax Rules?