How European Purchase Listing Services for Italy is Reported

Use the European Purchase Listing of Services for Italy report to declare services purchased by Italian companies from VAT-registered suppliers in European Union (EU) member states.

Settings That Affect Reporting

Before running the report:

• Update the service codes for the services you purchase. Use the Service Code (JG_ESL_EPL_SERVICE_CODE) lookup type in Oracle Fusion Functional Setup Manager to specify the service codes.

• Update the service code, service mode, reporting payment method, and reporting payment country for the services you purchase.

• Configure the tax reporting type and tax reporting code for intra-EU transactions.

How Purchase Listing of Services Is Reported

To complete the European Purchase Listing of Services for Italy report, run these processes:

1. Turnover Reporting Selection Process in final mode

2. European Purchase Listing of Services for Italy

To complete the declaration to the authorities, run the Turnover Reporting Declaration Closure Process. This marks the reported transactions with the declaration number received from the tax authority.

Turnover Reporting Selection Process

The selection process extracts transactions to be reported from Oracle Fusion Payables. Reporting is based on the extraction result of the Turnover Reporting Selection process.

Only transactions with the European Purchase listing of Services additional details entered are extracted.

First run the Turnover Reporting Selection Process in the preliminary mode. After you verify and confirm the transactions to be reported, run the process again in the final mode.

This table describes selected process parameters of the Turnover Reporting Selection Process:

Parameter	Description
Reporting Group	Specify the type of turnover reporting to be selected. Select Other to extract transactions for the European Purchase Listing of Services for Italy report.
Selection Mode	Indicate the selection mode of the report, such as preliminary or final. When you run the process in final mode, it stamps the transactions as finally reported. The finally reported transactions aren't included in the next run of the Turnover Reporting Selection Process.

European Purchase Listing of Services for Italy

The European Purchase Listing of Services for Italy report lists all Intra-EU Payables transactions for services.

Use the European Purchase Listing of Services for Italy report to:

• Meet the reporting requirements of the Italian tax authorities.

• Verify the details before submitting information as a declaration to the tax authority.

• Accompany the positive receipt of the declaration number from the tax authority for future reference.

This table describes selected parameters of the European Purchase Listing of Services for Italy report:

Parameter	Description
Tax Registration Number	Specify the registration number assigned to a party or party site by the tax authority when it's registered. A party or party site is identified by this registered number.
Tax Reporting Type	Select a tax reporting type code as created in Oracle Fusion Tax. Select the appropriate Intra-EU transaction tax reporting type.
Tax Reporting Code	Select a tax reporting code created under the tax reporting type that you previously selected. Specify the tax reporting code relating to European Purchase Listing of Services for Italy.

Turnover Declaration Closure Process

The Turnover Declaration Closure Process records the details of the finalized declaration you submitted to the tax authority.

Run this final step after the electronic submission of the European Purchase Listing of Services for Italy report to the Italian tax authority.

The Turnover Declaration Closure Process marks all the declared transactions that are reported. Any future adjustments to these declared transactions are reported in section four of the European Purchase Listing of Services for Italy report for subsequent periods.

Parameter	Description
Tax Registration Number	Specify the registration number that is assigned to a party or party site by the tax authority when it's registered. A party or party site is identified by this registered number.
Declaration Year	Specify the year in which transactions are reported to the tax authority.
Declaration Authority	Specify the name of the tax authority responsible for receiving and processing all company declaration transaction tax reports.
Declaration Number	Specify the unique identifier assigned by the tax authority to a declaration.