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what is the impact of not putting Tax Jurisdiction code on the VAT Tax Rates for Europe

What is the impact of not putting Tax Jurisdiction code on the VAT Tax Rates. We have setup VAT Tax Rate codes without Jurisdiction, and it is working. But there is a concern that will leaving the Tax Jurisdiction blank on Tax Rates codes cause any issue? And what is the impact/reason for populating the Tax Jurisdiction on Tax Rate Codes?

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