Understanding EU Tax ID Certificates

Companies that are exempt from paying VAT are issued a certificate that has a specific effective date. Use the Effective EU Tax Identifiers program (P74H1020) to enter the certificate number and effective date for these companies. When you run the Hungarian VAT Report program (R74H1007), the system verifies that the supplier has a tax certificate and that the country of the supplier is listed in the European Community Members (74/EC) UDC table.

The system stores the address book number, tax certificate number, and effective date in the Effective EU Tax Identifies table (F74H1010) The system also writes the tax certificate number to the Tax Exempt Certificate field in the address book record.