Registration by tax country

If an enterprise with a legal entity in one country does business in another country, a tax registration in that other country may be required. For example, if an enterprise has a legal entity in a country in which the main (production) facilities are located, but also has a local distribution center located in another country, which is managed by an LSP, a tax registration in this other country is required.

Because the local activities are financially managed by the legal entity, a multiple of financial companies means additional complexity. Therefore, under several restrictions, multiple tax registrations in one financial company are now supported.

To further support this functionality, these enhancements have been made:

  • An inventory management department has been introduced to support the retrieval of business partner data and for use on intercompany trade orders.
  • In intercompany trade, relationships can be created based on tax countries, intercompany trade orders can be created without transactions, and the delivery terms and point of title passage on an intercompany trade order can optionally be retrieved from the originating order instead of from the internal business partner.
  • The tax country is defaulted with the country of the department or warehouse, instead of the country of the financial company.

These functions are supported:

  • Specification and use of registrations.
  • Printing and display of the correct registration ID on legal documents, such as the sales invoice and order acknowledgement.
  • Tax reporting by tax country.
  • Sequential numbering of sales invoices by tax country.
  • Purchase invoice registration by tax country.
  • Intrastat and ESL reporting by tax country.
  • Local reporting for Spain (SII) and Slovakia (Sales Listing, Intrastat and VAT return).
Note: Functions not mentioned here, are supported at financial company level only.
Most settings are available at financial company level only and are therefore driven by the main country. For example:
  • Local currency
  • Localization functionality
  • Parameters
  • Nonregistration-related master data
  • Financial reporting