| # Function: Statutory reporting (special reports) In this function, you can create all activities to generate reports to fulfill the requirements of government and tax authorities. These activities include 1099 reports, tax reports, sales listing, and Intrastat reporting. These reports are region-specific. Variant process: Statutory reporting, specials USA (code: MRA03a) This process supports all reporting activities that you require to fulfill the requirements of the government and tax authorities, for example, sales tax reporting, VAT listing, and Intrastat reporting. Operations included in this variant are: File 1099-Misc Tax provider calculation utility Tax analysis Assumptions: No assumptions apply in this case. IT support: LN Financial, Cash Management (CMG), Common, General Ledger Variant process: Statutory reporting, specials Europe (code: MRA03b) This process supports all reporting activities that you need to fulfill the requirements of the government and tax authorities, for example, sales tax reporting, VAT listing, and Intrastat reporting. Operations included in this variant are: Tax analysis Sales listing Import/export statistics Assumptions: No assumptions apply in this case. IT support: LN Financial, General Ledger LN Common Variant process: Statutory reporting, specials Europe, including Accon interface (code: MRA03c) Annual transfer of data to the National Bank in Accon-format is mandatory in Belgium. The file can be useful for companies in other countries. Assumptions: A Belgian implementation or other use of the Accon file. IT support: LN Financial, General Ledger LN Common Variant process: Statutory reporting specials foreign payment reporting Germany and Belgium (code: MRA03d) In Germany, reporting on received payments is mandatory. In Belgium, a similar requirement is in place. The format is defined by the Belgium Wissel Instituut (BLWI). Assumptions: An implementation in Germany or Belgium. IT support: LN Financial, General Ledger LN Common |