About this Guide

Assumed knowledge

Although you need no detailed knowledge of the LN software to read this guide, general knowledge of the LN functionality will help you understand this guide.

Document summary

This table shows the chapters of this guide:

Chapter	Content
Taxation - overview	Describes how the various tax systems are implemented in LN. The chapter describes the concepts and components that apply to all tax systems, and explains how LN calculates the tax amounts.
Value added tax	Describes specific value added tax concepts and components, and postings that LN creates when you submit the VAT declaration and when you pay the VAT.
Setting up value added tax	Provides instructions on how to set up value added tax registration.
Tax registration in a foreign country	Provides instructions on how to set up a tax number for a financial company in countries other than the financial company's home country.
Sales tax	Describes specific sales tax concepts and components.
Setting up sales tax	Provides instructions on how to set up sales tax registration with or without the use of a tax provider application.
1099-MISC reporting	Provides instructions on how to set up 1099-MISC reporting.
Withholding tax and social contributions	Describes concepts and components specific for withholding tax and social contributions.
Setting up withholding tax and social contributions	Provides instructions on how to set up and process withholding tax and social contributions.
Tax declarations	Provides instructions on how to set up and process the tax declarations.
Intrastat declaration and sales listing	Provides instructions on how to set up and generate the European Intrastat declaration and sales listing.
No tax	This chapter provides instructions on how you define tax codes for transactions that are not subject to taxation, tax codes for taxable transactions with a zero tax amount, and how you can deactivate the tax functionality.
Appendix A: Sales tax - address hierarchy	Contains the tables that indicate the hierarchical order LN uses to determine the addresses of transactions to which sales tax applies.
Appendix B: Tax parameters	Lists the tax-related parameters in Common, Financials, and Invoicing, for reference.
Appendix C: Automatic transfer of tax declarations	You can set up LN to generate an electronic tax declaration file. Appendix C describes how you can set up electronic transmission of the declaration file in those countries in which this is legally required.

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