Tax reporting – extending multiple tax ID reporting to more EU countries

Important

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Enabled for	Public preview	General availability
Users by admins, makers, or analysts	-	Jun 30, 2023

Business value

Many companies with established tax registrations in many foreign tax jurisdictions operate under transfer pricing or limited risk distributor (LRD) models and need to automate the process of VAT (value-added tax) reporting from a single legal entity. In prior waves we delivered functionality for most of the EU countries, and we will continue to extend the support for this scenario for more EU countries needed for global companies.

Feature details

When you run tax reports, you can select a specific tax registration number and run the reports for that number. When you execute the VAT Declaration, EU Sales List, and Intrastat, you can select the necessary tax registration number, filter required report transactions based on the number, and then create country-specific formats of the tax report. The functionality is activated together with the Tax Calculation service where the exact tax numbers for a transaction are determined and saved in the system.

The scope of supported countries and regions in the framework of Multiple Tax IDs registrations will be expanded to Czech Republic.

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