Registration Tax (IRE) Reporting 

Use

Companies in Italy can use the Italian Localization of IRE Tax report (RFREXCITIRE) to administrate the registration tax, IRE, according to Italian requirements. The report enables you to carry out all steps relevant for IRE tax calculation:

·      Display data

·        Post payment

·        Adjust planned payment to actual payment

Prerequisites

To run the Italian Localization of IRE Tax report (RFREXCITIRE), you have to maintain the registration tax data for all real estate contracts under the Italian tenancy law, as described in Registration Tax (IRE) Determination.

Procedure

You can access the report from the SAP Easy Access screen by choosing Accounting ® Flexible Real Estate Management ®Country Specifics ® Italy ® IRE Cockpit. Add this transaction code REXCITIRE to your favorites in the SAP Easy Access screen.

       1.      In the Contract Selection dialog box, enter the required data to select the relevant contract.

       2.      Enter the contract validity period and IRE date to restrict the selection, and select the Show only IRE Data checkbox to display only those contracts for which IRE tax data exists.

       3.      If you want to post the tax calculated, enter the required data in the Posting Parameters dialog box. If you only want to view the IRE data and do not want to make postings, you can leave these fields empty.

       4.      In the Output Control dialog box, enter the required data for the report output list.

       5.      Choose Execute.

The IRE tax amount is calculated based on your entries and the result is shown in the output list on the next screen, according to the predefined layout or a layout configured by you. You have the following options:

·        Choose the Active/Inactive pushbutton to set the contract to ‘Active’, which indicates that you have made the posting to the GL account.

·        Choose the Simulate Posting pushbutton to see the effect the posting would have on the relevant accounts and whether it would be successful or not.

·        Choose the Posting pushbutton to actually post the calculated payback tax amount to the relevant FI account.

·        You can navigate from the report to the corresponding real estate contract or to the usage object by choosing the corresponding link in the output list.