Foreign Country/Region Code Field, Country/Region Table
Specifies the foreign country/region code that identifies a country/region on the Blacklist Communication Report.
This code is required by the Italian tax authorities for transactions carried out with persons or organizations having their residence in a blacklist country/region. It differs from the country/region code entered in the Code field in the Countries/Regions window.
Additional Information
In Italy, organizations must report, by electronic means, all transactions that are carried out with persons or organizations having their residence or domicile in a blacklist country/region. The law requires that all Italian VAT-registered organizations periodically report transaction details to the Italian Revenue Service to help prevent VAT fraud. Transactions subject to blacklist reporting include:
Purchases of Goods
Sales of Goods
Purchases of Services
Sales of Services
On a monthly or quarterly basis, the Blacklist Communication Report must be generated and sent to the Italian Revenue Service.
The Italian government decides which countries/regions are included on the blacklist. You can view or change the countries/regions on the blacklist using the Country/Region table.
Tip
For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search.
Parent Tables
| Table | Location |
|---|---|
| Country/Region Table | General Ledger |
| Country/Region Table | General Ledger |
See Also
Reference
Blacklist Communication Report
Annual VAT Comm. - 2010