ITALY - CHECK OF DATE OF VAT REGISTER WITH DOCUMENT DATE AND POSTING DATE
On October 23, 2018, Law Decree 119 (L.D.119/2018) in Italy introduced a change in Italian value-added tax (VAT) management. This change went into effect on July 1, 2019. Here is a summary of the change: 1) For the supply of goods and services, the invoice can be issued by the fifteenth day of th...
Validate VAT number within EU
When a company within EU sell to a customer who does not have a valid VAT registration, the transactions cannot use intracommunity VAT calculation. Domestic VAT must be calculated instead.
In principle a company must validate that the VAT registration is valid every time the...
Some fields should be automatically updated as reported in Italian Intrastat (IT)
When a credit note is posted and transferred to intrastat, looking at the general tab, the data should be automatically filled in with the correct data of the original invoice (month. correction year, original Intrastat record/original invoice number). We do not have to manually impute the det...
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...
Tax options Special report failing to include all Settled and posted VAT Payments
Current Scenario: The generated report achieved by running the Report VAT for a settlement period process in combination with the SPECIAL REPORT is displaying VAT from 'Original’ settled and posted VAT Payment only not from the ‘Total list’. (Total List : Original + Lat...
Duplication of TaxTransGeneralJournalAccountEntry records when posting tax settlement fails
We have found out that action Tax\Declarations\Sales tax\Settle and post sales tax can duplicate records in table TaxTransGeneralJournalAccountEntry. Those duplicate records have reference to non existing TaxTrans records.
Based on our investigation, we think the issue in with...
VAT Excel Preview in local language (German)
The output of the electronic reporting format "VAT Declaration Excel " should be provided in local language.
For Example for Austria, Germany and Switzerland the excel output file should be provided in Ger...
If the Item sales tax group and Sales tax group combination is missing at sales order invoice system should through the error message before posting
While Posting the Sales order Invoice, system should validate the Item sales tax and sales tax group. If the sales tax group is missing in sales order then system should give error message or Infolog. However this same functionality is working fine in Free text invoice posting. If the post the ...
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.
Report sales tax for settlement period to be able to select for user defined period
Currently Report sales tax for settlement period can be created only for settlement period. For audit purposes and reconciliation the report need to be generated for period selected from user. This will allow user to check settlement for quarterly or annual depend from the need. New report based...
Administrator
Thank you for your feedback. This is addressed by enabling the Global withholding tax functionality.