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Since 01.01.2020 Companies need to deliver year report about delayed or late payments with below structure:
1. company (name) and tax identification number;
2. value of cash received in the previous calendar year within:
• not exceeding 30 days,
• from 31 to 60 days,
• from 61 to 120 days,
• exceeding 120 days
- from the date of issuing the invoice or bill confirming the delivery of goods or the performance of the service;
3. the value of cash provided in the previous calendar year within:
• not exceeding 30 days,
• from 31 to 60 days,
• from 61 to 120 days,
• exceeding 120 days
- from the date of issuing the invoice or bill confirming the delivery of goods or the performance of the service;
4. value of cash not received in the previous calendar year by the date specified in the contract and the percentage share of these benefits in the total value of cash due to this entity in that year;
5. the value of unfulfilled cash in the previous calendar year by the deadline specified in the contract and the percentage share of these benefits in the total value of cash benefits that the entity is required to perform this year.

It was raised by Customers, but rejected to develop under alert: https://support.lcs.dynamics.com/RegulatoryAlertDetails/Index?aid=41417
More details here:
https://www.gov.pl/web/rozwoj-praca-technologia/walka-z-zatorami-platniczymi
https://tax.kpmg.us/taxnewsflash/taxnewsflash-europe/tnf-poland-tax-treatment-of-bad-debts-and-delayed-or-late-payments-in-commercial-transactions.html

Still, we believe that similar requirements exist in different countries, so it would be good to develop it in Dynamics 365 F&O.
STATUS DETAILS
Under Review

Comments

This is a legal requirement.

Category: Globalization - Regulatory features