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EU Sales VAT Register

This register lists all invoices relative to EU purchases entered and posted in the date range of the report, which as specified by the EU law, must also be entered in the Sales Register. The report submission, the report parameters, the register and column headings are managed by Oracle Financials in a way similar to the one used for the Sales VAT Register.

See Sales Register Report for more information.

It is not necessary to carry out further setup procedures besides the ones illustrated in the description of the EU Purchase VAT Register.

During the entry of the EU passive invoice, you must add, for each VAT line reported in the invoice, another VAT line with negative amount and Tax Name to which the Tax type Offset was assigned.

After the transactions posting, it is possible to request, in Oracle Payables, the EU Sales VAT Register report.

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