Setup for yearly (Dutch) Taxonomy update (SBR) of Electronic Tax Declaration
In the Netherlands a so called Taxonomy is the basis for Electronic Tax reporting. This Taxonomy is a “Dictionary” for Standard Business Reporting (SBR) for various types of (Tax) reporting to the Dutch government.
New requirements for Intrastat reporting
Companies with total exports of 10 million DKK or more to EU countries and/or Northern Ireland in 2021 are required to report two new variables when reporting Intrastat Export starting January 2022: Country of Origin Partner VAT Number The variables are becoming mandatory as part of the moderni...
Intrastat based on country/region code on locations
Today entries in the Intrastat journal is calculated based on the country/region code in company information. Companies can have inventory in different countries and maybe their main inventory is in another country than the company is based in. Therefore they have another VAT registration number...
Function to Void EFT Electronic Payment Journal Lines After Generate File Process
Data validation conditions do not catch all issues prior to generating the EFT/Electronic Payment File and/or posting the payment journal. Would be advantages to accommodate for the VOID of electronic payment records after the Generate of the file is completed and before the journal is posted. ...
Norwegian booking Act Compliance
As per the Norwegian booking Act all accounting data must be physically stored in either Norway, Sweden, Denmark, Iceland or Finland. When creating a Business Central environment under a tenant based in North Europe, there isn't the ability to know precisely which country the data is stored in. ...
SEPA-Zahlungsaufträge und SEPA-Lastschrift im Zahlungsverkehr - XML-Ports - SEPA 3.3 - EU-Zahlungen
<<< Microsoft should support vendor payments / customer collections, following the “DK 3.3 Descriptions” (Deutsche Kreditwirtschaft). XML Port 1000 and 1010 should be changed >>> Wir haben viele Kunden die von Ihren Banken darauf aufmerksam gemacht werden, dass sie alte Formate der Pain benutzen ...
Customer/Vendor with VAT No. that is different than his own country-/regioncode
Example: There is a customer with his address located in NL. But they have a VAT ID for HU. If we fill in HU as country-/regioncode we can fill in the VAT number HUxxxxxxxx, but then if we print the layout’s (order confirmation / Sales invoice / …) the address (country) of the customer is HU, wh...
Package tax calculation
It is quite common requirement in EU countries, that companies selling or consuming goods on the local market are obliged to prepare a package tax declaration for the Tax Office and pay package tax. If differs from country to country if tax is paid on sales/consumption or rather on purchase of su...
Dynamics 365 Business Central Availability in the Middle East - Arab Countries
Dynamics 365 Business Central is being promoted widely in the middle east as a powerful and capable product, and there is a high demand on this product due to its flexibility, user friendly, mobility, unlimited packed features and most importantly being extendible. Although, Business Central Clou...
Intrastat EU/Austria
In January 2022 a new Intrastat-Format EBS/FRIBS has to be sent to the tax office. The message will be transfered via a RTIC interface. Will NAV/Business Central be ready for this change soon enough? Best regards.
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