Need Ability to Setup the Use of Self Assessment Tax / Reverse Charge in Accounts Receivable for Italian Subsidiary
Last updated on JULY 12, 2017
Applies to:Oracle Receivables - Version 12.1.3 and later
Information in this document applies to any platform.
There is a new legal requirement in your Italian subsidiary that requires the use of Self Assessment Tax / Reverse Charge.
The requirement is that when you issue invoices, there are certain top customers you must calculate tax which is not to include in the invoice total.
You also need to have the tax posted to the Italian Tax Registers.
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