Identifying EU Triangulated Goods

European Union (EU) triangulation is when a sale involves supplies of goods moving between three VAT-registered traders in three different EU countries.

For example:

The International Tax Reports SuiteApp lets you to identify goods involved in EU triangulation.

When you select an EU customer on a transaction record (sales order, invoice, cash sale, credit memo, or cash refund), the EU Triangulation column is added on the Items subtab.

Note:

Make sure that the EU Triangulation column shows on your custom sales transaction forms. By default, the Show box for the EU Triangulation column is checked in the custom form definition. Don't clear this box when you customize your forms.

When you generate an EU Sales List (ESL) report, the transactions you marked as part of an EU triangulation deal will show a Triangulated Goods indicator. For more information, see Generating an EU Sales List Report.

Related Topics:

General Notices