| To set up tax registration in a foreign countryFor transactions taxable in foreign countries, you must create a
separate financial company for tax registration in the foreign
country. Note To set up tax registration in a foreign country and to define
the goods transfer relationships between the accounting
offices in the various tax countries and the warehouses, sales offices, and
service departments of the logistic companies, all the involved companies must
share the Departments (tcmcs065) table. To set up tax registration in foreign tax countries, take the following steps: - In the Tax Parameters (tctax0100m000) session, select the Use Tax Numbers of other Financial Companies check box.
Create a financial company in each country in which you must
report tax. The company's home country must be the tax country and the
company's local currency must be the currency used for tax reports in the tax
country. In each financial company, define the following: In the Financial Departments (tctax4110m000) session, specify for a financial company
the related operational and financial companies and the accounting office in
every foreign tax country. If your organization's legal address for matters
related to business in the tax country differs from the financial company's
address in the tax country, you can enter the legal address. In the Enterprise Modeling Management module, define the
required goods transfer relationships between the accounting
offices and the warehouses, sales offices, and so on, of the multicompany
structure. For transactions that are taxable in another country, define tax code exceptions as described in To model tax exceptions.
Note To enable you to define the goods transfer relationships between the accounting
offices in the various tax countries and the warehouses, sales offices, and
service departments of the logistic companies, all the involved companies must
share the Departments (tcmcs065) table. | |