Customers in Finland request to be able to report VAT information to their tax authorities electronically straight from the system. Therefore, they require the possibility to export the Finnish VAT report from Dynamics 365 for Finance and Operations as xml format or other format which the Finnish tax authorities will accept for upload.
While in Finland there still are other ways to report companie's VAT to the authorities, since the country is one of the world's leading countries in online services, it is only a matter of time for VAT electronic reporting to become mandatory.. Recently, all new prospects and customers in Finland require this functionality to avoid manual work and risks related to manual reporting.
Comments
Hi Anastasia, this requirement is in Finland mandatory. Customers should send monthly VAT declaration electronically in Finland. Paper report is possible only in specific circumstance: https://vero.fi/en/businesses-and-corporations/taxes-and-charges/vat/when-to-file-and-pay/
You can use a paper form only in exceptional cases. This means that with Dynamics 365 customers in Finland should do reporting manually, because they can not get exceptional reason from tax authority for paper sending.
It is really nice, that this would consider this to roadmap.
Category: Globalization - Regulatory features
Meant to vote up this idea, but unfortanetly it went vote down. My mistake
Category: Globalization - Regulatory features
Elizaveta Golub (administrator) on 3/15/2022 5:58:56 PM
Thank you for your feedback!
We released an electronic format of VAT return for Finland in text (TXT) format that can be further submitted via MyTax portal. (https://www.vero.fi/en/e-file/mytax/ ).
In addition to that we released a preview format (in Excel) – to preview of the amounts that will be represented in text file for submission.
The process of the text file generation is managed in Electronic messaging functionality, direct submission of the file is out of scope of the current design.
Please refer to the following links for more information:
Details for released feature 3993457 (dynamics.com)
VAT declaration (Finland) - Finance | Dynamics 365 | Microsoft Docs
Sincerely,
Elizaveta Golub
PM, Microsoft