Setting up tax in R12

Hi,
I have to setup new tax structure. My requirement is as follows:
we have vendors outside Switzerland, we have to pay VAT on the payment of every purchase. In order to post these VAT amount paid to vendor of different countries we need to define new GL accounts and those should be attached to new tax classification code which we select at line level in AP workbench form.
I know that we have to setup new tax rates for this under some regime. My question is, do I have to create a new regime if suppose vendor is from Italy? and have to setup the whole structure for this regime? Also what is configuration Owner? and Global configuration Owner?
Please suggest any documentation or case study. Your help is appreciated.
Thanks,

That is correct. The reason for having the same under the Payables Manager responsibility is backward compatibility reasons. Also there may be customers who might not license the CE module but will need this setup for having Payables work.
Thanks

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