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Shreyansh Surana Consultant

Shreyansh Surana

Joined: 5/18/2021

  • Withholding Tax should have different exchange rate as compared to Rate on vendor payment journal

    Tue, 18 May 2021 11:22:30 GMT – Dynamics 365 Finance – Needs Votes 

    Withholding Tax should have different exchange rate as compared to Rate on vendor payment journal. There are companies which do the accounting of foreign withholing tax using a different exchange rate as compared to exchange rate used for posting vendor payment journal. In D365 there is no option to consider different exchange rates in one journal.

  • Thailand Localization - Reverse charge tax is reversed twice after reversing unrealized VAT

    Wed, 21 Dec 2022 06:55:09 GMT – Dynamics 365 Finance – Completed 

    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 Charge and Unrealized Tax functionality the configuration is done but D365 will post reverse charge transaction entries twice for one transaction. First posting is done at the time of posting of vendor payment journal and second transaction is posted when "Reverse Unrealized VAT" is functionality is used to reverse. This cause trial balance (Reverse charge ledger) shows excess amount and causing excess payment to the authority.


    Expectation is to have single transaction for reverse charge posted for Thailand entities so that accurate payment is made to the authorities.