Dear all
Could anyone tell me how shifted tax type works. Because the help from infor is not clear. Thank you in advance.

Hello indrabrata,

in Europe deliveries between EC-Countries are normaly tax free. Therefore the supplier does not charge any tax but declares the tax-exemption on the Invoice.

The Customer (who received the goods) has to declare the profit and income tax but can declare VAT at the same time. The result is that the tax of a purchase/cost invoice is posted into Receivables and Payables at the same time.

Regards - Kai