Registration Tax (IRE) Payback Posting
You use this function to post the IRE payback amount during the periodic posting of a contract. The system posts the amount and inserts it in the next due invoice that is sent to a tenant according to legal requirements in Italy.
By default, the system handles the IRE payback amount as a one-time payment, that is, when the landlord posts the calculated amount with the IRE Cockpit, the system posts the amount to the relevant FI document, and invoices the amount to the tenant separately.
This function enables you to apply the cash-flow-based periodic posting and invoicing method by making settings in Customizing.
Prerequisites
You have made the necessary settings as described in Customizing for Registration Tax (IRE) Payback Posting.
Features
By making the required settings in Customizing, you modify the behavior of the IRE cockpit as follows:
The system calculates the IRE payback amounts according to tax code on the basis of your settings in the contract, adds these amounts, and displays the result in the
IRE Payback Amount
field.The cockpit displays the IRE tax amount calculated in the contract, including the IRE payback amount, according to the predefined layout or a layout configured by you.
When you choose Posting, the system does not post the calculated IRE payback amount to the relevant FI account. Instead, the system creates a cash flow item for the IRE payback amount in the cash flow of the contract. The due date of the cash flow item is the next posting date that is due. You can display the cash flow items in the contract.
The next time you run the Periodic Postings: Contracts program, the system also posts the IRE payback amount.
When you create an invoice with the
Create Invoice
transaction, the system includes the IRE payback amount in the invoice that is due.
When you modify data in the contract (for example, you modify a data in the condition) that affects the registration tax and the IRE payback amount, you must consider the following:
After you modified the data, deselect the
Record Active
checkbox on theIRE Data
tab page and chooseEnter
.The system recalculates the registration tax amount.
Select the
Record Active
checkbox again and chooseSave
.The system recalculates the IRE payback amount.
The system creates cash flow items with the changed data. If you modify the same data again, and you did not post the previous change, the system automatically overwrites the previously changed data in the cash flow item. You can remove the cash flow item of the changed data if you want to retract the change. If you already posted the cash flow item of the previous change, you must reverse the posting and then change the data again