Skip to main content

Notifications

Announcements

No record found.

Dynamics 365 Community / Forums / Finance forum / Sales tax exempt codes
Finance forum
Answered

Sales tax exempt codes

Posted on by 972

Hi Experts,

Can anyone share the purpose of Sales tax exempt codes setup and where it is used?

Path: Tax > Setup > Sales tax > Sales tax exempt codes

pastedimage1634710768113v1.png

Thank in advance,

Best regards,

Thu

  • Gaurangkumar Jani Profile Picture
    Gaurangkumar Jani 4,470 Super User on at
    RE: Sales tax exempt codes

    You may get the details on Sales Tax Inequity & Standard Reports.

  • ThuNgo Profile Picture
    ThuNgo 972 on at
    RE: Sales tax exempt codes

    Hi CA Gaurangkumar Jani,

    So this is only used to clarify on sales tax group? Is there any report that related?

    Thank you.

    Thu

  • Suggested answer
    Gaurangkumar Jani Profile Picture
    Gaurangkumar Jani 4,470 Super User on at
    RE: Sales tax exempt codes

    Hi ThuNgo,

    We normally used the exempt code with"Sales Tax Group".

    Let's say we have One rate as VAT @20% but this can be exempt in multiple scenarios.

    So we can mark this one as Exempt and provide an exempt code on each sales tax group.

    pastedimage1634713496393v1.png

    Let us know if this helps.

    Thanks,

Helpful resources

Quick Links

Replay now available! Dynamics 365 Community Call (CRM Edition)

Catch up on the first D365 Community Call held on 7/10

Community Spotlight of the Month

Kudos to Saurav Dhyani!

Congratulations to the June Top 10 community leaders!

These stars go above and beyond . . .

Leaderboard

#1
André Arnaud de Calavon Profile Picture

André Arnaud de Cal... 288,459 Super User

#2
Martin Dráb Profile Picture

Martin Dráb 225,783 Super User

#3
nmaenpaa Profile Picture

nmaenpaa 101,148

Leaderboard

Featured topics

Product updates

Dynamics 365 release plans