2024.03 | 1 March 2024

Legislative Updates

Box 303 with 8.1% rate, reporting from 01.01.2024
Box 313 with 2.6% rate, reporting from 01.01.2024
Box 343 with 3.8% rate, reporting from 01.01.2024
Box 383 - VAT on acquisitions from 01.01.2024

Content Enhancements

Lithuania Intrastat:
Corrected the data flow from Intrastat – Company Information sheet, previously field Address was incorrectly populating the values in the xml output when exported for filing.
Czechia Control Statement:
Change of logic for capturing transactions in the
VAT Control Statement
depending on the threshold considering the total Invoice value. After the updates made, the taxable and non-taxable amounts on invoices will be considered in the 10k CZK threshold that determines the allocation of invoices in the appropriate section of the statement.
Czechia VAT return pdf:
data entered in the Company Information sheet has been linked to automatically populate the values in the pdf form.
Czechia VAT Control Statement:
field
Data box identifier
has been removed from the Control Statement sheet in the return as well as the xml output when exported for efiling.
France Box Number report:
Updated the box mapping for tax code
AP_NONEUSUPSRV
from box A2 to A3 to align the Box Number report to the actual reporting of this tax code in the Return Summary.
Hungary VAT return pdf form:
Removed mapping to
Box 100c
which is populating the pdf form from an incorrect cell in the Return Summary. The error is limited to the pdf form and has no influence on reporting and e-filing.
Slovakia VAT return:
update formula for box 33 to meet the requirement of reporting positive values only.
Ireland Annual Return:
Change in mapping of AR tax code for Triangulation as party B zero rated 0% (
AR_TRIGDSB_Z
). The tax code will no longer be included in the
annual VAT return
(RTD statement) to align the reporting in periodic and annual declarations.
Change in mapping of AP tax code Domestic Reverse charge standard rated 23% (
AP_RCDOMPURCONSRV_SA
). A mapping has been added to account for reporting the net amount in box P1 to account for the sale.
Both changes in the mapping will apply to transactions with reporting period 2024 onwards.
Italy VAT return:
Fields
Tax Code
(Codice Fiscale) and
ModNo
have been made editable in the pdf form of the periodic VAT return.
Adjustment Summary Report:
The report has been enabled for jurisdictions previously not covered: Argentina, Lebanon and Venezuela.
Return Summary Analysis report:
the report has been enabled for Turkey and captures forms
1015A
and
1015B
.

E-FILING Updates

Netherlands efiling –
the following tags automatically generated for filing purposes are updated to represent unique values per submission. This logic is incorporated to satisfy the tax administration requirements to perform additional checks on duplicate tax returns.
VAT / VAT Corrective:
bd-i_MessageReferenceSupplierVAT
ESL:
bd-i_MessageReferenceSupplierICP
Norway E-filing:
As per latest updates by the Norway Tax Authorities, users will be able to e-file their returns using the ID Porten.

SAF-T:

Luxembourg SAF-T –
the logic for capturing fields OpeningDebit, OpeningCredit, ClosingDebit, ClosingCredit in Master Files Customers and Suppliers has been updated and these fields will be optional and therefore excluded from the filing output if all the amounts are equal to zero and there is no amount to be reported.
Romania SAF-T -
remove hardcoding for field TaxAuthority which previously was auto-populated with the required enumeration for this field. It will now be sourced from imported data and is an optional field.

API Updates

There are significant opportunities to automate key processes within your indirect tax team using ONESOURCE events, as the coverage of the scenarios increases over the course of 2024.

In the current release, TR are looking to identify any customers that may be interested in learning more and potentially being an early adopter of this capability, to provide valuable feedback that will influence the roadmap for the remainder of 2024.
In this release, users will be able to configure ONESOURCE Events to provide updates of changes to Import Status.
In future, the coverage can be expanded to provide updates on a range of activity in the application, including return status changes, efiling activity, configuration changes, and many more.

RETURNS:

IMPORTS

REPORTS:

OTHER UPDATES

WATCH OUT FOR:

KNOWN ISSUES:

Printing returns:
When printing a return to PDF, the underlines used to separate sections of the data displayed in the sheets are not included. The issue is limited to the visual display in the return printed to pdf and does not lead to data loss – the cells including underlines are empty rows without any values.
Slovakia pdf form:
When printing the pdf replica of the VAT form additional zeros appear in the amount boxes compared to the values in the Return Summary. The erroneous values are limited to the pdf form which is included for informational purposes only and there is no negative impact on the amounts reported in the Return Summary or during e-filing.

LIST OF UPGRADED CONTENT TEMPLATES