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VAT Overview (Payables)

Oracle Financials for Korea's Value Added Tax (VAT) lets you do the following:

kor90000.gif Submit a request for the Payables Transfer to General Ledger program.

kor90000.gif Issue and maintain invoices for VAT tax purposes.

kor90000.gif Approve each invoice.

The following reports are for VAT:

Aggregate Summary of Tax Invoices Received Report

Summary of Purchase Invoices Report

Schedule of Expenditure Credit Card Slips Report

Schedule of Deemed Purchase Tax Report

Summary of Fixed Asset Purchase VAT Report

Summary of Purchase VAT Report

Details of the Cash Register Invoice Report

Tax Invoice List Report - Payables

Details of the Document of Zero-rated VAT Report - Payables

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