Set Up Intrastat Reporting
You must define Intrastat Reporting rules to set up the features that derive key Intrastat Reporting attributes based on country-specific legislation requirements.
Intrastat Reporting, provided in the Manufacturing and Supply Chain Materials Management offering, provides a tool for gathering basic information about the Intrastat transactions between countries of an economic zone. Oracle's Intrastat Reporting provides predefined country-level attributes for several European Union (EU) countries. For information about managing country characteristics, see Manage Intrastat Country Characteristics.
Intrastat Reporting setup is based on country characteristics, rules, and parameters enabled at the legal reporting unit and country levels. This task enables you to collect various transactions from Oracle Fusion Cloud products (such as Inventory Management, Shipping, Receiving, and Distributed Order Orchestration) and then validate for exceptions. Ultimately, you report and print the validated transactions or export them for processing with external software.
The following figure shows the tasks associated with setting up Intrastat Reporting. The numbered steps are described in detail in the procedure that follows the figure.
To set up Intrastat Reporting, perform the tasks described in this table in the order presented.
|
Setup Task Name |
Prerequisite Task? |
Description |
Offering or Product Area |
For More Information |
|---|---|---|---|---|
|
1. Manage Legal Reporting Unit |
Yes |
Define legal reporting units such as branches, divisions, establishments, inventory organizations, and physical locations, which are components of legal entities. Legal reporting units, together with their tax registration number, are the units that Oracle Fusion Cloud Financials creates automatically when creating a new legal entity. Legal reporting units are required for the purpose of tax calculations related to a legal entity. |
Legal Entity Configurator product in the Financials offering |
Oracle Fusion Cloud Financials: Implementing Enterprise Structures and General Ledger guide |
|
2. Manage Legal Reporting Unit Registrations |
Yes |
Define the identity-related details of a legal reporting unit with the appropriate government or legal authorities for the purpose of claiming and ensuring legal or commercial rights and responsibilities. |
Legal Entity Configurator product in the Financials offering |
Oracle Fusion Cloud Financials: Implementing Enterprise Structures and General Ledger guide |
|
3. Manage Tax Registrations |
Yes |
Create and maintain tax registration information related to a party's transaction tax or withholding tax obligation with a tax authority for a tax jurisdiction where it conducts business. |
Tax product in the Financials offering |
Oracle Fusion Cloud Financials: Implementing Tax guide |
|
4. Manage Intrastat Lookups |
No |
Review and maintain lookup values, such as modes of transport, delivery terms, port of loading or unloading, flow indicator, and son on. |
Supply Chain Localization |
Chapter on defining applications core configuration in the Oracle Fusion Cloud SCM: Implementing Common Features for SCM guide |
|
5. Manage Intrastat Country Characteristics |
No |
Configure the Intrastat reporting characteristics that apply to a particular country within an economic zone, such as the EU. |
Supply Chain Localization |
Manage Intrastat Country Characteristics topic |
|
6. Manage Intrastat Rules |
No |
Configure rules for nature of transaction code, statistical procedure code, fiscal regime code, supplementary UOM rules, and attribute validation rules, as well as freight factor for statistical value and exclusion criteria. |
Supply Chain Localization |
Manage Intrastat Rules: Procedure topic |
|
7. Manage Intrastat Parameters |
No |
Enable Intrastat reporting for a particular legal reporting unit. |
Supply Chain Localization |
Manage Intrastat Parameters: Procedure topic |