Withholding tax payment should consider vendor account from tax authorities
Vendor account is set on Withholding tax authorities. But when withholding tax payment is generated, no transactions is posted on vendor account.
Withholding tax payment should be working as tax payment. Transactions is expected to be posted on vendor account.
[ITA] Withholding tax for customers
art. 25-bis of the DPR 600/73 https://def.finanze.it/DocTribFrontend/getArticoloDetailFromResultList.do?id={3BB076B5-3306-4B2A-BB50-398BE3E10F67}&codiceOrdinamento=200002500000200&idAttoNormativo={178F0CBC-1969-49F3-974E-7C0E87B9A568} Suggests withholding tax for Customers and vendors. Italian l...
Thanks for the idea and suggestions.
The related enhancement feature is delivered in release 10.0.17.
Sincerely,
PM, Kai Liang
Microsoft.
Item Tax Groups per Country per Released Product
Increasingly, companies with a web presence, selling products to customers in multiple countries are required to collect GST/VAT/C-Tax (name your term) on behalf of the destination country. For the most part, the Tax module in D365 is flexible enough to supports this. However, one gap we have enc...
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.
To be able to research VAT ID recorded from Registration ID table on Tax exempt number search feature.
We use Registration IDs to record VAT ID on Vendors and Customers. Then, we attach the VAT ID on the Vendor (or Customer) form. When using this way of recording the VAT ID, unfortunately, we are not able to find the VAT ID when searching on Tax exempt number search feature, which is available o...
Thank you for your feedback. We are releasing this feature in 10.0.15. The Feature name in the Feature management workspace: Tax exempt number search function enhancements.
Sincerely,
Ekaterina Podkolzina
PM, Microsoft
Bill To Address and Ship To Address Separate Selection Option on Sales Order and Invoice
Currently there is only an option to select the Ship To address (Delivery Address) in D365. But as per the Indian scenario a Customer can have multiple addresses and having multiple GSTN and performs decentralized accounting. Which makes it difficult to manage by the default address which is s...
Currently user is looking for a separate address type in Sales order i.e. "Invoice address" . Than every order will have two address type :
- Invoice address
- Delivery address
User will select invoice address and tax should compute on the basis of Invoice address.
As per triage this is core SCM requirment and localization team can not work on this.
The exchange rate that is used for VAT calculation can differ from the exchange rate that is used for company accounting functions
VAT exchange rate Option to have a different exchange rate for VAT purposes. D365 picks the rate from the exchange rate type on the ledger and applies the same rate for the Revenue and VAT also. Customer need to have a separate exchange rate to be used for computing the VAT liability. (The law...
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
Overdue Debt VAT journal - Date of VAT register must be calculated from duedate
Customer wants the date of VAT register to be calculated based upon due date plus the minimum number of days specified in the overdue debt calculation setup. In Accounts receivable (Overdue Debt VAT customer journal) date of VAT register should be +(Minimum number of days) from due date. This is ...
Thank you for your feedback. We are releasing this feature in 10.0.14.
Sincerely,
Ekaterina Podkolzina
PM, Microsoft
Enable the VAT exchange rate functionality to all european countries
The functionality to maintain VAT exchange rates currently only exists for Poland, Hungary and the Czech Republic localisations (Although being under the "EUROPE" localization in the microsoft documentation. This is a requirement in the UK also where HMRC expects UK VAT charged in a foreign curre...
Enable additional exchange rate types for tax currency conversions | Microsoft Learn.
Exchange rate type for sales tax - Finance | Dynamics 365 | Microsoft Learn
Make MTD (Making Tax Digital UK) feature available in all legal entities
Description of problem: Making Tax Digital functionality (ER configurations, data packages etc.) works fine only for entities with country\region = GBR. It has been assumed that company needs to be located in UK to be a UK tax payer. This assumption is completely incorrect. A company from any c...
Thank you for your feedback.
MTD feature capability is extended and starting from 10.0.20 can be used in legal entities with primary address in any country.
This extension was implemented as part of the “Multiple VAT registration numbers” project: Multiple VAT registration numbers (Preview) - Finance | Dynamics 365 | Microsoft Docs
Find more details about MTD feature usage outside the UK: https://docs.microsoft.com/en-us/dynamics365/finance/localizations/emea-gbr-mtd-vat-integration#using-the-mtd-feature-outside-the-uk
Sincerely,
Elizaveta Golub
PM, Microsoft.
Sales tax payment by batch
Sales tax payment can have performance issue.
It can take several hours to be posted and user cannot work during this period.
Adding a batch will improve the process as time can be scheduled.
Thank you for your feedback.
We released this feature as part of the functionality in release 10.0.8.
Sincerely,
PM, Eric Wang
Microsoft.
Administrator
Thank you for your feedback. This is addressed by enabling the Global withholding tax functionality.