Set Up EU Third-Party Purchase Transactions in the Swedish Version
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.
Note
EU Third-Party Purchase Transactions is a part of the Swedish localization. However, starting in version 22.1, Swedish localization is based on the W1 base app. The EU Third-Party Purchase Transactions functionality is moved to the global W1 extension installed by default. There are some minor functional changes. To learn more, see EU third-party purchase transactions global feature. The new feature can be used after you enable it in Feature Management. The old feature is automatically replaced with version 25.0.
To set up EU third-party purchase transactions
- Choose the
icon, enter Purchase Invoices, and then choose the related link. - Select an existing purchase invoice, or choose the New action to create a new one.
- On the Invoice Details FastTab, select the EU 3-Party Trade check box.
- Choose the OK button.