This chapter contains these topics:
The Ministry of Economy and Finance requires that companies doing business with customers or suppliers that are residents of or have a permanent address in the Italian black list countries report the VAT (value-added tax) transactions that they generate. You must report these transactions monthly or quarterly.
To generate the Black List Declaration, you run the IYL Elect. Communications -TXT Generator program (P74Y0047). The IYL Elect. Communications -TXT Generator program generates the Multi-Purpose VAT Communication, which includes the transactions that you need to report for the Black List Declaration when you set the processing options in the IYL Elect. Communications -TXT Generator program to generate the Black List Declaration.
The electronic declaration must report these types of payables and receivables transactions:
Taxable.
Non-taxable.
Exempt.
Transaction not subject to VAT.
Adjustment notes.
Note:
The JD Edwards World software for Italy supports the completion of the fields required for tax payers that are companies. The software does not complete the fields in the text file when the tax payer is an individual.You run the IYL Elec. Communications - TXT Generator program (P740047) to generate a version of the Multi-Purpose VAT Communication with the transactions for the Black List Declaration. The program uses these processing options to determine the records to select for processing:
Company
Declaration Year
Declaration Periodicity
Declaration Period Number
For transactions included in the data selection, the program refines the dataset using these factors:
The country or country/tax rate area of the transaction record is set up in the Legal Report Id - Maintenance program.
The invoice or voucher is posted and has a batch type of I, V, or W.
A record for the transaction exists in the Sales/Use/VAT Tax file (F0018).
The invoice or voucher date is within the time period you specify in the processing options.
The customer or supplier is a legal entity located in a black list country.
You set a processing option to specify whether to generate the text files. Oracle recommends that you run a version of the IYL Elec. Communications - TXT Generator program (P740047) without setting the processing option to generate the text file so that you can review records in the audit report before you run a version of the program that generates the text files.
When you set the processing option in the IYL Elect. Communications -TXT Generator program to generate the Multi-Purpose VAT Communication to include the data for the Black List Declaration, the program:
Writes records to the Electronic Italy Yearly List - WF - Summary (T74Y0047) and Electronic Italy Yearly List - WF - Detail (T74Y0049) files.
Reads the records in the T74Y0047 and T74Y0049 files to generate an audit report (R74Y0049) in summary or detail mode.
The summary report includes accumulated transaction amounts by batch type and alpha name. The detail reports lists each transaction by record type and address book number. You can generate the audit reports in either summary or detail mode, but you must submit the text files for the Black List Declaration in summary mode.
If you set the processing options to do so, generates a text file (F74Y0050).
Follow these steps to generate the Black List Declaration:
Complete the setup:
Set up UDCs.
See Section 36.1, "Set Up UDCs for the Multi-Purpose VAT Communication"
Associate tax rate/areas with countries.
Set up company information.
See Section 36.3, "Enter Address Book Information for Tax Reporting Entities"
Set up supplier and customer information.
See Section 36.4, "Enter Address Book Information for Customers and Suppliers in Italy"
Enter and post invoices, vouchers, and corrections to invoices and vouchers.
Add classifying information to transactions.
Generate an audit report to review the transactions to include in the electronic file.
You can generate the audit report in a detailed or summary mode. Oracle recommends that you use the audit report to review the transactions before you generate the text file.
Generate the text file.
You set a processing option in the audit report to generate the text file. You must submit text files in summary mode for the Black List Declaration.
When you are satisfied with the report output, run the IYL Elec. Communications - TXT Generator program to generate the text files.
Process the text files and submit to the tax authorities.
From EMEA Localizations (G74), choose Italy
From Italian Localizations (G74Y), choose IYL Electronic Communications
From Yearly List Electronic Communications (G74Y003), choose Flat File Generation
You run the IYL Elec. Communications - TXT Generator program (P740047) to generate the Multi-Purpose VAT Communication, which includes the transactions on the Black List Declaration when you set the processing options to do so.
You must use specific values in the following processing options to generate the Black List Declaration:
3. Periodicity = M or Q.
4. Period/Quarter = 1-12
If you entered M in the Periodicity processing option, enter the number that corresponds with the month. For example, enter 1 for January, 2 for February, and so on. If you entered Q in the Periodicity processing option, enter the number that corresponds with the quarter. For example, enter 1 for the January - March quarter.
5. Process to run =1.
13. Detailed or Summarized = 1
You must set up specific parameters for the IYL Elect. Communications -TXT Generator (P74Y0047) program to generate the text file.
Access the Additional Parameters screen, and then access the Spooled File Export Parms screen (F6). On the Spooled File Export Parms screen:
Enter iylec.txt in the Import Export File field.
Specify a path in the IFS Path field.
Enable fields in the Export section as needed.
See "Work with Import/Export" in the JD Edwards World Technical Tools Guide.