E1: 74Y: Italy Split Payments Required AAI setup for Accounts Receivable and Sales Order Processing
(Doc ID 1981140.1)
Last updated on JULY 21, 2020
Applies to:JD Edwards EnterpriseOne Accounts Payable - Version 9.0 and later
Information in this document applies to any platform.
New VAT rules when billing to public sector entities in Italy Legal Reference: Budget Law 2015 introduced article 17-ter in the VAT law (D.P.R. 633/72). As of January 01, 2015 all public sector entities will only pay the taxable amount to their suppliers; whereas, they will pay the tax amount directly to the Revenue Agency.
1) Italy Split Payment legislative update for Accounts Receivable and Sales Order Processing through Automatic Accounting Instructions (AAI) setup.
A workaround has been determined by using setup and a manual adjustment. Please refer to the attached document.
2) Partial Payment via RiBA or SEPA Direct Debit, please see the JD Edwards EnterpriseOne Globalizations: Localizations, Translations, Certifications/Registrations (DOC ID 75229191, and select the Italy announcements.
3) VAT reporting (R004051 and R74093).
R004051, this requirement can be met by using the data selection to include/exclude specific customer numbers (AN8) or Tax Rate area (TXA1)
R74093 is currently under review, please see the JD Edwards EnterpriseOne Globalizations: Localizations, Translations, Certifications/Registrations (DOC ID 75229191, and select the Italy announcements for updates.
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