Sales tax registration numbers in multiple European countries in one legal entity
Companies in Europe can have warehouses in multiple countries. Examples are consignment stock at a customer, toll manufacturers in another country or just having a warehouse close to the customers to have the shortest possible delivery times. These customers typically do not have a business / ...
VAT specific exchange rate
A company has as accounting currency SEK but they are located in UK, so the VAT needs to be reported in GBP, vendors are sending an invoice on SEK currency but specifying what the exact VAT in GBP they are calculating, the problem in D365 is that in this case we don't have an exachange rate, s...
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
Support invoice register/approval/pool in Tax Calculation service
Hi,
This idea is created by Tax Calculation service product team to understand the market requirements to support vendor invoice register/approval/pool in Tax Calculation service. Please vote for this idea if you need this feature in your project.
Thanks
Sincerely,
Ekaterina Podkolzina
PM, Microsoft
Tax rate calculation when posting partial deliveries to an order line with multiple tax periods
With the recent reduction of the sales taxes in Germany due to the effects of the Corona Pandemic, the introduction of new sales tax rates for the period between July 2020 to the end of the year have given rise in Dynamics AX to determining the correct tax rates in given circumstances. This prob...
Thanks for the idea and suggestions.
The related enhancement feature is delivered in release 10.0.17.
Sincerely,
PM, Kai Liang
Microsoft.
(ESP): “Date of VAT register” GL parameter should be available globally (including Spain)
There is a need to make available globally “Date of VAT register” option in GL parameters > Sales tax, which allows to do accounting (VAT settlement) by Date of VAT register. This is necessary for Spanish companies to correctly reflect VAT settlement/declaration by “Date of VAT register” in SII o...
Thank you for your feedback. The option is available under the Sales tax settlement and reporting by date of VAT register feature in the Feature management workspace starting in version 10.0.25.
Sincerely,
Ekaterina Podkolzina
PM, Microsoft
EU Sales list Swedish file format
The file EU Sales list is currently available in Electronic reporting repositories for a number of countries. In Sweden we need to use the EU Sales list by columns report, manually modify the file for the Swedish tax authority, and save to CSV. Our customers are asking for a sta...
Thank you for your feedback. We released this feature in Version 10.0.21 of Finance and Operations apps
Please refer to the following link for more information: Details for issue 584963 (dynamics.com)
Sincerely,
Anastasia Yashenina
PM, Microsoft
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 ...
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.
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
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
Thailand Localization - Reverse charge tax is reversed twice after reversing unrealized VAT
In case of Foreign Vendor Invoices, for Thailand Statutory requirement, companies need to calculate Foreign VAT and pay to the authority on behalf of the foreign vendor. At the same time, companies can take the input tax credit for the VAT amount paid.
In D365, using Reverse C...
Administrator
See our latest announcement of Tax Calculation service Tax calculation enhancements are now available for Dynamics 365 - Microsoft Dynamics 365 Blog. It works for this idea.
Sincerely,
PM, Eric Wang
Microsoft.