(ITA) Set up information for the "Italian black list" report
Important
This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012
Legal entities must report all taxable sales and purchase transactions with other companies in countries/regions that offer privileged tax structures. These countries/regions are referred to as “black listed” countries/regions by the Italian government. These countries/regions present a high risk from a tax standpoint. Legal entities in Italy must report these transactions on a monthly or quarterly basis to the government.
You must complete the following setup procedures before you generate the “Italian black list” report and export it as an ASCII file:
Set up a country or region as "black listed"
Set up the legal nature of a legal entity
Set up the country/region of residence for a foreign customer
Set up the country/region of residence for a foreign vendor
Set up the VAT type for a sales tax code
Set up a country or region as "black listed"
Use the Foreign trade parameters form to identify a country/region as “black listed” and the Address setup form to specify the county code for a “black listed” country/region.
Click Organization administration > Setup > Foreign trade > Foreign trade parameters.
Click the Country/region properties link.
Select or create a country/region.
In the IT three-digit code field, set the numeric country code as mentioned in the report instructions from the Italian government. For example, the IT three-digit code for Switzerland is 071.
Select the Black listed country/region check box.
Close the form.
Click Organization administration > Setup > Addresses > Address setup.
Click the County link, and then in the Italian county code field, enter the two-letter county code.
Close the form.
Set up the legal nature of a legal entity
Use the Legal entities form to specify the legal nature of a legal entity. The legal nature is the legal structure that is registered with the government, such as Limited share partnerships, Limited liability companies (SRL), or Public limited companies (SPA).
Click Organization administration > Setup > Organization > Legal entities.
Select or create a legal entity.
Click the Statutory reporting FastTab.
In the Fiscal code field, enter the fiscal code of the legal entity.
In the Legal nature field, select the legal structure of the legal entity.
Close the form.
Set up the country/region of residence for a foreign customer
Use the Customers form to set up the country/region of residence for a customer in a foreign country/region. Only the invoice transactions with legal entities in countries/regions that have privileged tax structures (“black listed” countries/regions) are included in the “Italian black list” report.
Click Accounts receivable > Common > Customers > All customers.
Double-click a customer account.
In the Customers form, in the Account field, specify the customer account number.
Note
If the customer is also a vendor and the vendor account number is specified in the Customers form, the sales and purchase transactions are summarized as one record in the “Italian black list” report.
Click the Sales demographics FastTab.
In the Primary contact field, select the primary contact for the customer.
In the Birth date field, select the date of birth of the primary contact.
In the Birth place field, enter the place of birth of the primary contact.
In the Birth county field, select the county of birth of the primary contact.
In the Residence foreign country/region field, select the country/region where the customer is based for tax purposes.
Close the form.
Set up the country/region of residence for a foreign vendor
Use the Vendors form to set up the country/region of residence for a vendor in a foreign country/region.
Click Accounts payable > Common > Vendors > All vendors.
Double-click a vendor account.
In the Vendors form, in the Vendor account field, specify the vendor account number.
Note
If the vendor is also a customer and the customer account number is specified in the Vendors form, the sales and purchase transactions are summarized as one record in the “Italian black list” report.
Click the Purchasing demographics FastTab.
In the Primary contact field, select the primary contact for the vendor.
In the Birth date field, select the date of birth of the primary contact.
In the Birth place field, enter the place of birth of the primary contact.
In the Birth county field, select the county of birth of the primary contact.
In the Residence foreign country/region field, select the country/region where the vendor is based for tax purposes.
Close the form.
Set up the VAT type for a sales tax code
Use the Sales tax codes form to set up the type of tax to be calculated for the “Italian black list” report, such as Standard, Zero, Exempt, or Not subject to VAT. The VAT type that is specified determines the category where the net and VAT amounts for the invoices are printed on the report and where they are located in the file.
Note
If the total net or VAT amount that is invoiced in a period is negative for a specific VAT type, it appears as credit for the previous period (or previous year, if the period starts in January).
Click General ledger > Setup > Sales tax > Sales tax codes.
Select or create a sales tax code.
Click the Calculation FastTab.
In the VAT type field, select the VAT type that is used to categorize the transactions in the “Italian black list” report:
Standard – The transaction includes a standard VAT amount.
Zero – The transaction does not include a VAT amount.
Exempt – The transaction is exempted from VAT.
Not subject to VAT – The transaction is not subject to VAT.
Note
Similarly, you can set up the VAT type for other sales tax codes by selecting the sales tax code on the General FastTab.
Close the form.
See also
(ITA) Generate the "Italian black list" report for taxable transactions