Supplier Configuration

This section discusses about Supplier Configuration for VAT Reporting for Korea.

This section discusses the supplier configuration steps included in VAT Reporting for Korea.

Check Payments

To check payments, follow these steps:

1. Navigate to Procurement and select Suppliers.
2. Search for Suppliers and select the supplier to edit.
3. Select Manage Tax Registration.
4. Select Payments, Payment Methods.
5. Under Default sub tab, enable the Check configuration option.
6. Click Save and Close.

Check Addresses

To check addresses, follow these steps:

1. Navigate to the Addresses tab.
2. You may review or edit the address for the supplier.
3. Click Save and Close.

Check Sites

1. Navigate to the Sites tab.
2. You may review or edit the site for the supplier.
3. Click Save and Close.

Set Site Assignments

1. Navigate to the Site Assignments tab.
2. Select a site assignment and click Freeze to assign it to the supplier.
3. Click Save and Close.

Check Transaction Tax

1. In the Manage Suppliers page, navigate to the supplier to edit.
2. In the Controls and Defaults tab, enable the Allow tax applicability check box.
3. Click Save and Close.

Supplier has a Taxpayer ID (Individual)

If the Tax Organization Type of the Supplier is Individual, this supplier would have a Taxpayer ID.

Follow these steps:

1. From the Navigator console, navigate to Setup and Maintenance.
2. Select Manage Tax Registration.
3. In the Profile tab, select the Tax Organization Type as Individual.
4. In the Tax Reporting Codes, review the tax reporting codes for this tax payer.
5. Click Save and Close.

Supplier has a Tax Registration Number (Corporation)

If the Tax Organization Type of the Supplier is Corporation, this supplier must have a Tax Registration Number (TRN).

Follow these steps:

1. From the Navigator console, navigate to Setup and Maintenance.
2. Select Manage Tax Registration.
3. Search for the Supplier created previously by Supplier name to enter Tax Registration Number information.
4. In the Profile tab, select the Tax Organization Type as Corporation.
5. Click Save and Close.