Korean companies are required to file several tax reports to the tax authorities.

SAP R/3 can execute the following:

• Create the tax invoice summary for input VAT
• Create the tax invoice summary for output VAT
• Create the tax invoice summary for input and output VAT on tape or diskette
• Prepare the advance return statement for taxes on sales and purchase

For internal tax controlling, a report has been created that displays the VAT details for every business place and tax code.

The following programs for VAT reporting have been created for Korea:

RFUMSV45 - Tax invoice summary for input / output VAT on legal format and on diskette.

RFUMSV49 - For internal tax controlling with VAT details per business place and tax code.

RFUMSV00 - Standard report for advance return statement for taxes on sales and purchase with business place enhancement.