This chapter contains this topic:
Generally, the tax activities for Italy are the same as those for other countries. The VAT (IVA) tax calculations, automatic accounting instructions, general ledger accounting, and so on are the same.
Italian tax authorities require annual tax reporting for suppliers, customers, and customs authorities. The requirements are summarized as follows:
Setup. You must set up user defined codes (system 00, type IV) to indicate specific tax classifications.
Annual IVA Reports. You can submit either tapes or preprinted IVA forms to the tax authorities on an annual basis.
Periodic/Annual Activities. Once a year, you must build the Annual IVA file (F00900) for the annual IVA reports. This file summarizes the detailed tax information in the Tax Work file (F0018).
As needed, you can update information with the Annual IVA File Revision screen and can add and change information for tapes with the Address Book Additional Information screen.
Note:
If you convert to the JD Edwards World software in the middle of a year, you can use the Annual IVA File Revision screen to manually update tax information in the Annual IVA file. After you use the screen, you can perform standard processing.