Receivables lets you review and update your system's predefined country and territory information. You cannot enter new countries or territories, but you can update the name, description, Value Added Tax (VAT) member state code, or address style for any predefined countries.

The VAT member state code identifies a country or territory as belonging to the European Union (EU). There are special Value-Added Tax rules that apply to member states of the EU.

Prerequisites

• Define your Territory Flexfield

To maintain your country and territory information:

1. Navigate to the Countries and Territories window.

2. Update the predefined Description of the country or territory (optional).

3. Update the VAT Member State Code for a country belonging to the European Union. Receivables uses member state codes to determine which customers to include in the European Sales Listing. If a country does not belong to the European Union, you should not enter a VAT member state code. See: European Sales Listing.

4. Update the Address Style to use for addresses within a country throughout Oracle Financials. If you leave this field blank, then Receivables uses the default address style. Choose one of the following predefined address styles:

   • Japan: Address Style used in Japan.

   • Northern Europe: Address Style used in Northern Europe.

   • South America: Address Style used in South America.

   • Southern Europe: Address Style used in Southern Europe.

   • UK/Africa/Australasia: Address Style used in the United Kingdom, Africa, and Australasia.

   Note: You can also create your own address styles. See: Flexible Addresses.