Payables and Cash Management - EBS (MOSC)

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Italy VAT updates for 2017 Invocies after MAY-18

edited Apr 2, 2018 9:23PM in Payables and Cash Management - EBS (MOSC) 6 commentsAnswered

Hi

For Italy, any 2017 or 2015 Invocies recorded after 30-APR-2017 are nonrecoverable for VAT. Oracle still must record the VAT amount but the Tax authorites said the GL account for these type of Invocies need to be booked to the Cost account for the Line Item the Tax amount relates too. Has anyone else come across this issue yet when dealing with Italy invocies .

Is there some sort of forms personilsation that can be used to default GL account for Tax Code based on Line Item. We are using Oracle 11i version

thank you

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