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We have a request from a client to produce tax reporting for a distribution site in another country. The site is not a legal entity.

E.g. UK company (legal entity) has a distribution centre in the Netherlands which will be used to serve the local customers in NL. The distribution centre will be a tax establishment with an NL VAT number. 

The requirement is to capture the transaction for tax purposes in NL. What will be the best solution in IFS perspective, since the tax establishment is not a legal entity, where we can run tax reports?

 

 

Hi,

I assume that you already have seperate Tax Codes for the NL Transactions. In IFS Tax Ledger you can create a tax report which is based on a user defined currency:
 

 

In the following example you create a tax template and connect the tax codes to the template fields and use that one in the tax report.

 

 

Make sure that youalso setup a tax office and connect thetax report with the tax office:

 

Regards

Ralph

 

 

 

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