QAD 2017 Enterprise Edition > User Guides > Global Tax Management > GTM Reporting
  
GTM Reporting
This chapter includes details of the data required to set up a tax system and support special taxes.
Overview
Introduces tax reporting.
Tax Transaction Types
Lists the tax transaction types generated during sales, purchasing, and service transactions.
Tax Reports Overview
Describes the tax data on which the tax reports are based.
Tax Registers
Create tax registers to group transactions for tax reporting.
EU VAT Reporting
Report on goods and services supplied to VAT-registered businesses in other EU countries.
Tax Report Lists
Lists tax reports, their descriptions, and parameters.
1099 Reporting
Create US-specific, government-required reports on certain types of payments to suppliers.
Overview
The system provides a range of reports for viewing tax information and generating tax declarations.
Note: To print tax detail information on documents such as sales orders, two fields must be Yes:
• Print Tax Detail on Reports in Global Tax Management Control (29.24)
• Print Trailer in the document print program
Transaction Types
Various tax reports display tax information grouped by the following types of transactions:
Export: For an EU country, this indicates a sales transaction to a country that is not part of the EU. For a non-EU country, this indicates a sales transaction to any other country.
IC Acquisition: This applies to EU countries only and indicates a purchase transaction from another EU country.
IC Supply: This applies to EU countries only and indicates a sales transaction to another EU country.
Import: For an EU country, this indicates a purchase transaction from a country that is not part of the EU. For a non-EU country, this indicates a purchase transaction from any other country.
Inland Purchase: This indicates a purchase transaction within a country.
Inland Sales: This indicates a sales transaction within a country.
Triangular Purchase: This indicates a purchase transaction involving companies in three EU countries.
Triangular Sales: This indicates a sales transaction involving companies in three EU countries.
Note: In a triangular sale, company 1 sells to company 2 and delivers the sold items directly to company 3. Company 1 then invoices company 2, and company 2 invoices company 3. A triangular purchase involves the same kind of relations.