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Multiple VAT registration numbers per Country

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Posted on by RicM

Hi,

As a Dutch company we have multiple production locations. One the Netherlands and in Portugal.

We intend to setup one Logistics system for production and sales, the material produced in Portugal is owned by the Netherlands but stored on the Portugese VAT number of the Dutch entity.

So our Dutch company needs 2 different VAT Registration in different countries, and report about VAT transaction to two different Tax authority!

Is there a possiblility to create multiple VAT numbers in BC ?

Regards Ric

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Dynamics 365 Business Central

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KasparsSemjonovs 3,962 Super User 2024 Season 2 on at

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RE: Multiple VAT registration numbers per Country

the way I see it, correct solution would be that the inventory is mainly stored on the Dutch entity, as they own the inventory.

Then a synchronization process can be implemented, to reflect the inventory amount on the Portuguese system without any relation to G/L accounts.

On the dutch company for inventory You can also use Dimensions, to be able to filter/distinguish inventory available for Portuguese and the one that is strictly for dutch company only.
RicM 25 on at

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RE: Multiple VAT registration numbers per Country

Thanks Zhu, Unfortunately it is not the answer I was looking for. There are ERP systems which allow the Entity to register more VAT numbers for each countries where they have inventory and logistic movements within the EU.

Ric
RicM 25 on at

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RE: Multiple VAT registration numbers per Country

There are two different entities, but the inventory in Portugal is (should be) owned by the Dutch entity and so the value should reflects on the Dutch G/L account but one a Portugese VAT number of the Dutch entity. Any movement of inventory should be reflected on the Portugese VAT number of the Dutch entity. Standard BC allowes currently only one VAT number of the entity.
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KasparsSemjonovs 3,962 Super User 2024 Season 2 on at

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RE: Multiple VAT registration numbers per Country

In US localization the Location Card has a VAT Registration No. - You can check if Dutch localization also has it.

The main question would be if inventory stored are to be reflected in your G/L accounts or on the other company.

If the G/L account amount has to be moved from one company to another, then You need to create 2 different companies and use maybe Intercompany functionality to automatically move them from one to another.

I assume You already have both branches/entities as seperate companies or You are somehow trying to make it work within one company?
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YUN ZHU 74,115 Super User 2024 Season 2 on at

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RE: Multiple VAT registration numbers per Country

Hi, as far as I know, the BC standard does not have this featrure. So far, customers, vendors, and own company can only set one VAT Registration No.

Perhaps you can use the Responsibility Center to distinguish your production locations, but there is no such field.

PS: Some related discussions:

Hope this helps.

Thanks.

ZHU