Understanding Tax Rate Area Associations for VAT Reports

You use the Black List Setup program (P74Y010) to associate the tax rate areas that you use for purchase and sales transactions with the countries in which you use the tax rate areas. You can set up an association for each country and tax rate area for which you must report black list transactions. The system uses the associations when you generate the Black List Declaration.

Alternatively, you can enter the country code only, without associating a tax rate area with the country code. When you enter the country code only, the system includes all transactions in the country without regard to the tax rate area used in the purchase or sales transaction.