How to Set Up EU Third-Party Purchase Transactions

European Union (EU) third-party trade occurs when you receive a purchase invoice from a customer in one EU country/region and the products are sent to a different EU country/region without entering Sweden. The transaction amount must be identified and reported separately to comply with Swedish VAT reporting and VAT Information Exchange System (VIES) requirements. Business Central includes Swedish enhancements that allow purchase transactions to be set up as EU third-party trade. Posted EU third-party transactions can then be filtered in VAT statements and excluded from the amount in the Sales to Customer column in the VAT- VIES Declaration Tax Auth report.

To set up EU third-party purchase transactions

  1. Choose the Search for Page or Report icon, enter Purchase Invoices, and then choose the related link.
  2. Select an existing purchase invoice, or choose the New action to create a new one.
  3. On the Invoice Details FastTab, select the EU 3-Party Trade check box.
  4. Choose the OK button.

See Also

Report VAT to Tax Authorities
Sweden Local Functionality


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