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Oracle E-Business Suite / Oracle Financials for Italy - Documentation Update Note, Release 11.5.10 (Doc ID 1383485.1)

Last updated on JANUARY 30, 2022

Applies to:

Oracle Financials for EMEA - Version 11.5.10.0 to 11.5.10.2 [Release 11.5]
Information in this document applies to any platform.

Purpose

This documentation update note applies to Oracle Financials for Italy, Release 11.5.10 and includes information on the following:

  • Italian Invoices Above Threshold Reporting
NOTE: In the images or examples below and/or the attached document, user details / company name / address / email / telephone number represent a fictitious sample (based upon made up data used in the Oracle Demo Vision instance).  Any similarity to actual persons, living or dead, is purely coincidental and not intended in any manner.

Scope

Intended Audience:

  • Italian customers
  • Multinational customers with operations in Italy that are legally bound to comply with this legal tax report
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NOTE: In the images below and/or the attached document, user details / company name / address / email / telephone number represent a fictitious sample (based upon made up data used in the Oracle Demo Vision instance). Any similarity to actual persons, living or dead, is purely coincidental and not intended in any manner.
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Details

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In this Document
Purpose
Scope
Details
 Oracle has modified its E-Business Suite / Oracle Financials for Italy (Rel. 11.5.10) to comply with the above legislation.
 Overview
 Pre-requisites
 Before Patch Application
 Solution Overview
 Main Solution Components
 Process Flow
 Transactions Included in the Declaration
 Inclusion Guidelines
 Transactions Excluded from the Declaration
 Exclusion Guidelines
 Data Extraction Logic Summary
 General Rules
 Consistency Check
 Grouping Logic
 Electronic File Content Summary
 After Patch Application
 Setup Steps
 STEP 1 – Define Italian Tax Reporting Country Codes (Mandatory)
 STEP 2 – Enter the Italian Invoices Reporting Setup (Mandatory)
  STEP 3 – Enter Additional Reporting Information for Suppliers
 STEP 4 – Enter Additional Reporting Information for Customers
 Transaction Entry
 Payables
 Receivables
 Manually Entered Transactions
 Payables Invoice Distributions
 Quick Invoices
 Receivables Transaction Lines
 Imported Transactions
 Concurrent Programs
 Generate Italian Invoices Above Threshold - Data Extraction and Reporting
 Description
  Parameters
 Italian Invoices Above Threshold – Auditing Report
 Description
 Report Parameters
 Report Layout
 Italian Invoices Above Threshold – Electronic File
 Description
 Report Parameters
 Data Sorting Logic
 Electronic File Structure
 Fields 'Credit or Debit Assessable Adjustment' and ‘Credit or Debit VAT Adjustment’
 Change Record
 Appendix I - Important Concepts and Definitions
 Italy-Defined Country Code
 Restricted Countries
 Contract Identification
 Business Subject
 Below Threshold Reporting Flag
 Contract Identification
 Reporting Exclusion Flag
 Payment Mode
 Appendix II – Case Scenarios
 Scenario 1 – Grouping by Invoices with no inconsistencies
 Invoice and Credit Memo issued in the year 2010
 Scenario 2 – Grouping by Invoices with some inconsistencies
 Invoice and Credit Memo issued in the year 2010
 Scenario 3 – Grouping by Contract Identification with no inconsistencies
 Invoice and Credit Memo issued in the year 2010
 Scenario 4 – Grouping by Contract Identification with some inconsistencies
 Invoice and Credit Memo issued in the year 2010
References

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