European Tax - Industry Standards

Hi Experts,

We are up-grading the oracle E-biz from 11.5.10.2 to 12.2.4 for one of our client at Sweden.

Below is the Tax scenario for the business.

(1) AR:
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Domestic Sales (Within Sweden)                                         - VAT Applicable.
EU Sales (Outside Sweden but within Euro countries)            - No Tax
Outside EU Sales                                                               - No Tax

There are some items exemptions either with 0% rate VAT or different rate % VAT) for Domestic Sales for Belgium and UK countries.

(2) AP:

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Domestic Purchases (Within Sweden)                                 - VAT Applicable.
EU Purchases (Outside Sweden but within Euro countries)    - No Tax
Outside EU Purchases                                                       - No Tax

(3) Intercompany Transactions: