| # To set up tax registration in a foreign country For transactions taxable in foreign countries, you must create a separate financial company for tax registration in the foreign country. Note To set up tax registration in a foreign country and to define the goods transfer relationships between the accounting offices in the various tax countries and the warehouses, sales offices, and service departments of the logistic companies, all the involved companies must share the Departments (tcmcs065) table. To set up tax registration in foreign tax countries, take the following steps: In the Tax Parameters (tctax0100m000) session, select the Use Tax Numbers of other Financial Companies check box. Create a financial company in each country in which you must report tax. The company's home country must be the tax country and the company's local currency must be the currency used for tax reports in the tax country. In each financial company, define the following: In the General Company Data (tccom0102s000) session, enter your organization's tax number in the tax country in the Tax Number of Own Company field. Define one enterprise unit. Define one accounting office. For details, refer to To use an accounting office. Set up tax registration for the tax country, as described in Setting up tax registration. If required, set up the Intrastat report and the sales listing, as described in EU transaction reporting. In the Financial Departments (tctax4110m000) session, specify for a financial company the related operational and financial companies and the accounting office in every foreign tax country. If your organization's legal address for matters related to business in the tax country differs from the financial company's address in the tax country, you can enter the legal address. In the Enterprise Modeling Management module, define the required goods transfer relationships between the accounting offices and the warehouses, sales offices, and so on, of the multicompany structure. For transactions that are taxable in another country, define tax code exceptions as described in To model tax exceptions. Note To enable you to define the goods transfer relationships between the accounting offices in the various tax countries and the warehouses, sales offices, and service departments of the logistic companies, all the involved companies must share the Departments (tcmcs065) table. Related topics Tax registration in a foreign country Tax registration in a foreign country - concepts Example of tax registration in a foreign country To model tax exceptions Goods transfer relationships |