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BELGIUM
COUNTRY SPECIFIC FEATURES
As of Release 12.2. Generated on April 22, 2016
Please note that not all these delivery methods are applicable to every country.
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Localizations
Localizations
Product
Product
Localizations
Localizations
Add
-on
Add-on
Localizations
Localizations
Partner
Partner
Localizations
Localizations
Financial reporting
Applications
Payment formats
Tax and withholding calculations
Tax reporting
Asset valuation and depreciation
methods
Inventory valuation
Payroll
Workforce administration
Data privacy
Corporate governance
Financial
Management
Human Capital
Management
Supply Chain
Management
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Global
Global Architecture
Architecture
Accounting
Accounting
Engine
Engine
Bank
Bank
Model
Model
Ledgers
Ledgers
Legal
MDM
Entities
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Payments
Payments
Engine
Engine
Tax
Tax
Engine
Engine
Global
Global Platform
Platform
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Data
Data
Formats
Formats
Languages
Languages
Reporting
Reporting
SOA
SOA
BI
AIA
Oracle E-Business Suite has been successfully implemented by companies in more than 150 countries
worldwide.
Oracle delivers specific localizations for the following countries:
Americas
Argentina
Brazil
Canada
Asia Pacific
Australia
China
Hong Kong
Chile
Colombia
Mexico
Croatia
Czech Republic
Denmark
Portugal
Romania
Russia
India
Japan
Korea
Peru
Puerto Rico
USA
Egypt
Finland
France
Saudi Arabia
Slovakia
South Africa
Malaysia
New Zealand
Philippines
Venezuela
Germany
Greece
Hungary
Spain
Sweden
Switzerland
Singapore
Taiwan
Thailand
Ireland
Israel
Italy
Kazakhstan
Kuwait
Turkey
UAE
Ukraine
United Kingdom
This document starts with a high level summary of the requirements supported for Belgium,
organized by product family and functional category. The document then provides a detailed
description of the requirements and the features available in E-Business Suite to support these
requirements.
Overview
The following tables highlight the functional categories for which Oracle E-Business Suite
offers country specific features in Belgium: Financial Reporting & Governance, Local
Business Standards, Payments, Statutory Accounting - Fiscal Book, Transaction Tax, Human
Resources.
Functional Categories
for Financials
Financial Reporting & Governance
Local Business Standards
Payments
Statutory Accounting - Fiscal Book
Transaction Tax
Functional Categories
for Human Capital Management
Human Resources
Oracle
Partner
Oracle
Partner
Advanced Collections
Payments
Payments
Banking Solution
Direct Debits
Transaction Tax
Transaction Tax
Description
Functional Category
Requirement Type
Feature Name
Feature Description
Delivery Type
IFRS (International
Financial Reporting
Standards) Support
Global Capability
2. Advanced Collections
Requirement Name
Product Family
Description
Functional Category
Requirement Type
Advanced Collections
Financials
The requirement is to support advanced collections standard business practices for preparation
and generation of Dunning Letters in Western Europe.
Local Business Standards - Local Business Processes
Business Practice
Feature Name
Feature Description
Delivery Type
Add-on Localization
Add-on Localization
Add-on Localization
3. Banking Solution
Requirement Name
Product Family
Description
Functional Category
Requirement Type
Banking Solution
Financials
It is a legal requirement in Belgium to provide the following:
- Import bank statements automatically from ISABEL bank file (CODA 128 format)
- Create receipts from ISABEL bank file (CODA 128 format) and automatically identify these
receipts when the customer bank account is supplied in the upload information (also referred to
as "auto learning")
- Reconcile automatically with customer invoices where possible
- Produce a Belgian financial report based on financial journals
Payments - Electronic Banking Integration
Legal Requirement
Feature Name
Feature Description
Delivery Type
Banking Solution
Solution includes :
- Loading of bank statements: load the data file as bank statement
lines using CODA 128 standards. After upload, the bank statements
are to be imported into Oracle Cash Management and reconciled
with payments / receipts.
- Import of receipts: load the data file as receipts in the Receivables
module using CODA 128 standards.
- Obtain the financial journal register: include a posting from Cash
Management to GL and a financial journal register (Financial
Journal/Journal Financier). The financial information is sequentially
Add-on Localization
Feature Name
Feature Description
Delivery Type
4. Direct Debits
Requirement Name
Product Family
Description
Functional Category
Requirement Type
Direct Debits
Financials
In Belgium, customers and suppliers agree to settle their outstanding amounts by using Direct
Debits. The customer (debtor) agrees that the bank should, at a specified time, transfer funds
for settlement of a particular invoice from his/her bank account to the supplier's (creditor's) bank
account.
Payments - Payment Formats
Business Practice
Feature Name
Feature Description
Delivery Type
Direct Debits
The Settlement Batch feature in R12 will be used for this feature to
automatically generate automatic receipts for customers with whom
predefined agreements exist to transfer funds from the customer's
bank account to yours on the receipt maturity date.
Add-on Localization
The Create Settlement Batch program creates the actual EFT-file for
the supplier which is sent to its internal bank for Direct Debit
Transactions in EUR currency only. When the bank receives the file
it will ensure that funds are transferred from the debtor's account to
the creditor's account on the receipt maturity date. The EFT file is
according to standard DOM80 (Layout 128) that contains Collections
and Reversal Instructions. Along with the EFT file, a Remittance
Advice is also sent to the bank. Users will run this request "Direct
Debit DOM 80 Format" from Oracle Payments to generate output.
Description
Functional Category
Requirement Type
This requirement helps to capitalize on global opportunities with an integrated ERP system,
which helps address common business practices for payment processing in Belgium. This
requirement also helps in building a smarter business by enabling flexible electronic payment to
streamline the payment process and to reduce manual errors associated with the traditional
paper based payment process.
Feature Name
Feature Description
Delivery Type
Product Localization
The EFT domestic payment program verifies that all bank accounts
utilized are valid according to Belgian standards. The EFT
international payment program verifies that all bank accounts utilized
(IBAN's) are valid according to Belgian standards, allowing
organizations in the Euro-zone to benefit from reduced bank
charges for cross-border payments. BI Publisher is used to create
the output and thus allows the implementor to modify the proposed
layouts / formats.
Feature Name
Feature Description
Delivery Type
Global Capability
Feature Name
Feature Description
Delivery Type
Global Capability
Description
Functional Category
Requirement Type
Feature Name
Feature Description
Delivery Type
Global Capability
Global Capability
Global Capability
Feature Name
Feature Description
Delivery Type
Foreign Currency
Translation & Revaluation
Global Capability
Feature Name
Feature Description
Delivery Type
The Legal Entity Time Zone support gives the option to record
transactions by referring to the time zone of the legal entity involved
rather than a single worldwide location. It means that you can for
example, select to have a rolling close, which allows you to close
periods in relation to the local date, or you can continue to use a
single world-wide reference when period close should take place.
With the "User preferred timezone" time zone feature each user can
specify their time zone preference, and the system will honor this
preference for display and entry of date with time fields in interactive
UIs (reports are excluded), while the data in the database continues
to be stored in the standard corporate time zone.
Global Capability
Document sequencing
Financials
Documents must be sequentially numbered per legal entity, category and range of dates to
support audit trail back to the original document.
Statutory Accounting - Fiscal Book - Book Keeping Rules
Legal Requirement
Feature Name
Feature Description
Delivery Type
Document Sequencing
Global Capability
12. Support local "Chart Of Accounts"(COA) and Support user definable COA
Requirement Name
Product Family
Description
Functional Category
Requirement Type
Feature Name
Feature Description
Delivery Type
Accounting Flexfield
Global Capability
Feature Name
Feature Description
Delivery Type
The year-end close process generates the closing journal entries for
Income and Balance accounts.
The journal entries can be generated in two different ways:
a) accumulating the amount in debit and credit,
b) netting the amount between debit and credit in case the debit is
greater and netting the amount between credit and debit in case the
credit is greater.
Global Capability
14. Fiche 281.50 (income taxes individual slip) / 325.50 (income taxes summary slip) report and XML output
Requirement Name
Product Family
Description
Functional Category
Requirement Type
Fiche 281.50 (income taxes individual slip) / 325.50 (income taxes summary slip) report and
XML output
Financials
It is a legal requirement in Belgium that all the companies have to submit the individual tax slip
281.50 and the summary slip 325.50 to the local Tax Authority for the justification of
commissions, brokerage fees, trading and other returns of premiums, occasional or nonoccasional fees, gratuities, reimbursements or benefits of all kinds, which are business incomes
for the beneficiaries.
Statutory Accounting - Fiscal Book - Fiscal Filing and Audit Reports/Files
Legal Requirement
Feature Name
Feature Description
Delivery Type
Add-on Localization
Description
Functional Category
Requirement Type
Feature Name
Feature Description
Delivery Type
Global Capability
Global Capability
Global Capability
Global Capability
Feature Name
Feature Description
Delivery Type
Add-on Localization
Description
Functional Category
Requirement Type
Feature Name
Feature Description
Delivery Type
Product Localization
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Feature Name
Feature Description
Delivery Type
Feature Name
Feature Description
Delivery Type
The CLE: European Sales Listing Report is used to display the Intra
EU (services), goods, or triangulation transactions in European
Union (EU) member states other than your own as per legislation.
Businesses registered for VAT who sell or move goods to other
businesses registered for VAT in other European Union (EU)
member states, must record and report details of such purchase
activities.
The report must be submitted to the tax authorities on a monthly or
quarterly basis; the European Sales Listing lists intra EU deliveries
from other VAT payers, totalized by tax identification number and
supply code.
It produces a file using XML tags and structure, for electronic
transmission to the tax authority website as per the new 2010 VAT
Reporting regulations.
Global Capability
Add-on Localization
Feature Name
Feature Description
Delivery Type
Product Localization
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Feature Name
Feature Description
Delivery Type
Product Localization
Feature Name
Feature Description
Delivery Type
Global Capability
Description
Functional Category
Requirement Type
Feature Name
Feature Description
Delivery Type
Product Localization
Feature Name
Feature Description
Delivery Type
Product Localization
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Feature Name
Feature Description
Delivery Type
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Please note that Country Specific Features Data Sheets for Oracle products provide a brief introduction to country requirements for
the applicable Oracle products, and the features of the applicable Oracle products that may be delivered by Oracle in support of
those requirements, when you acquire such products. The data sheets do not provide an exhaustive, detailed guide for features
and do not provide implementation, support, consulting or any other services or considerations. For additional details, please see
the appropriate product implementation guides. In order to more fully understand features and implementation details, and to
assess specific circumstances, please engage with the appropriate local Oracle Consulting Services organization. Please note that
not all Add-on localizations are available for 12.2.5. Information on availability of Oracle E-Business Suite R12.2 Add-on
localizations is available in MOS Note ID 1491965.1
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owners.
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