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Self Billing/Self invoice for Italy

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Posted on by Community Member Microsoft Employee

Hi All,

We are rolling out AX2012 R2 to our Italian site. We are unsure about what we can do in our version of AX to satisfy the self billing/invoice required to account for VAT on non EU purchases.

Unlike the EU where a reverse charge indicated on the vat option selected, it appears for NON EU Italian companies need to record a self invoice to generate the vat entries on both the purchase and sales tax books.

Any help on this topic would be greatly appreciated, especially if you have experienced this requirement. 

Kind Regards

Tara

 

Categories:
Financial Management
  • K_G Profile Picture
    K_G 121 on at
    Self Billing/Self invoice for Italy
    I am also interested in the answer to this question. Was the resolved at all. Given it's been a year, surely you've figured it out?
  • Claes85 Profile Picture
    Claes85 14 on at
    RE: Self Billing/Self invoice for Italy

    Hi Tara,

    Did you manage to solve this? We are facing the same issue with an Italian client.

    Br,
    Claes

  • Community Member Profile Picture
    Community Member Microsoft Employee on at
    RE: Self Billing/Self invoice for Italy

    Hi Ludwig,

    Thanks for replying,

    For example if our company in Italy receives an invoice from a US Vendor.

    This is at 0 VAT, however the Italian company must record what the Italian vat would have been if charged by another Italian company say for example 22%.

    So if US Vendor send invoice of €5,000 this is booked at 0 vat. But at the same time we must also record 22% vat on both the Purchases and Sales in the Vat Books for Italy. We thought we could do this via a reverse charge but we are told that the Italian company needs to create an invoice addressed to themselves to record the vat applicable without implicating the GL, only presenting the AP & AR vat that would have applied on the Sales Tax Book for Italy the 22%.

    Hope this makes sense.

    thanks

    Tara

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at
    RE: Self Billing/Self invoice for Italy

    Hello Tara,

    Could you provide some more details for this request such as what do you mean by NON EU Italian companies and the process/transactions you  try to record exactly. I believe an example with some figures would help a lot.

    Many thanks,

    Ludwig

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