Multiple VAT registration : declare transactions in 2 countries simultaneously
In the context of multiple VAT registrations, a lot of our customers which have several VAT numbers in different countries must declare single transactions in 2 countries simultaneously.
However, it’s not currently possible.
Example: a Belgian company has 2 VAT numbers :...
New tax engine - need multiple tax registrations for the same customer for the different customer addresses
Hi, The new tax engine / service has currently a limitation of the tax registration that can be set up for a customer / vendor. At the moment the tax registration applies to all addresses of the customer / vendor even though the customer might have different tax registrations for his different ...
IN- Legal entity to mark as SEZ unit
Many customers are looking to define a legal entity as SEZ unit. Currently, the option is available to mark EPZ code for Customers and vendors only. This means domestic companies interacting with SEZ units can record transactions but if the company itself is SEZ units then not possible to execute...
[BRA- FB]: R-2010 event: MS11041- the month/year date informed must be the same as the month/year of the calculation period.
The customer is sending the R-2010 event tax obligation, but the system is sending data from different months in the same file, causing the record of this obligation to be rejected.
Error: MS1041, quando temos notas fiscais com data de emissã...
D365 F&O should support Foreign Account Tax Compliance Act (FATCA) compliance, tracking if vendors need 1042-S reporting
D365 F&O should support the Foreign Account Tax Compliance Act (FATCA) compliance, tracking if vendors need 1042-S reporting If a W8 is not received from a foreign vendor, we will issue a withholding and pay the IRS. In that case, the FATCA toggle is useful. However, in this case, the vendor h...
Override Sales tax currency amount and exchange rate on vendor invoice registration
Scenario A Norwegian legal entity is established with Accounting currency = USD. Sales codes are set up with Sales tax currency = NOK as required by the tax goverment. The legal requirement for sales tax deduction is to post the sales tax with the currency exchange rate from the vendor invoice d...
This idea is included in 2023 wave 1 (version 10.0.35).
Enable additional exchange rate types for tax currency conversions | Microsoft Learn.
Exchange rate type for sales tax - Finance | Dynamics 365 | Microsoft Learn
Malawi withholding tax must be calculated at the invoice level
As per Legal Reference: Taxation Act – Section 76A(2)
According to Section 76A(2) of the Taxation Act
"The tax payable under subsection (1) shall be deducted from the amount referred to therein upon—
(a) accrual of the amount...
Date of VAT register filling: new calculation choice
TAX > Sales tax groups > General Section > Date Validation > Date of VAT register filling Adding a new value called "Posting date customized" in the look-up of the "date of VAT register filling" parameter and a new parameter which allows to insert the period (day, month, year) and the number of ...
Thank you for your feedback. The option is available under the Date of VAT register filling: new calculation choice feature in the Feature management workspace starting in version 10.0.17.
Sincerely,
Ekaterina Podkolzina
PM, Microsoft
Formulas (operators such as 'NOT', '*') in tax group applicability tables to simplify creation & maintenance of applicability rules creation & maintenance.
This idea is created by Tax Calculation service product team to understand the market requirements for Microsoft to build formulas (operators such as 'NOT', '*',) in tax group applicability tables to simplify the creation & maintenance of applicability rules.
Please vote for this idea if...
Intrastat - fix for incorrect VAT numbers
In some cases tax exempt numbers is wrong on Intrastat report which should be fixed.
There is a bug where sometimes two first characters are missing in Tax exempt number -field on Intrastat report even the tax exempt number is correctly inserted to customer and is also correct...
Administrator
This idea is release in 10.0.31. See feature detail "Update tax exempt number from customer address" here What's new or changed in Dynamics 365 Finance 10.0.31 (February 2023) - Finance | Dynamics 365 | Microsoft Learn.