EBI9.2: What Is The VAT Service Type Electronics/Communication Explanation?
(Doc ID 2476362.1)
Last updated on AUGUST 23, 2021
Applies to:PeopleSoft Enterprise SCM Billing - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Question: What is the meaning/impact of the VAT service Type Electronics/Communication?
Is this for the new EU VAT rules that were established in 2015: From 1 January 2015, telecommunications, broadcasting and electronically supplied services are always taxed in the country where the customer belongs regardless of whether the customer is a business or a consumer?
If so, what is the processing differences between Other/Freight and Electronics/Communication?
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