VAT Tax Calculation and Reporting for Belgium (5IS)

This scope item provides information on calculating and reporting taxes in Belgium. This covers Belgium-based companies and foreign companies that do business in Belgium.

This scope item is required for Belgium VAT reporting in two situations: you have a company code within Belgium, or you have a company code outside of Belgium with tax registration in Belgium.

For more information, we recommend that you check the country roadmap for Registration for Indirect Taxation Abroad (RITA). Verify that the company code country and country of tax registration support the RITA solution.

Key Process Steps Covered

• Post supplier invoice
• Post general ledger account documents
• Manage purchase requisitions
• Pay invoice

Benefits

• Calculate and report in Belgium (for Belgium-based companies and foreign companies that do business in Belgium)

Additional Information

• This scope item is excluded from the default activation

This scope item provides information on calculating and reporting taxes in Belgium. This covers Belgium-based companies and foreign companies that do business in Belgium. This scope item is required for Belgium VAT reporting in two situations: you have a company code within Belgium, or you have a company code outside of Belgium with tax registration in Belgium.

Where is VAT Tax Calculation and Reporting for Belgium(5IS) being used?

This Scope item is used in the following way:

• As a support function of Advanced Financial Operations within Finance Scope Item Group

Process flow of VAT Tax Calculation and Reporting for Belgium (5IS)

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