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Tax calculation

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Posted on by stephen.liu@tectura...

hi Guys

I have a D365 FO project , legal entities will cover below countries. I need to understand related detail about tax calculation and declaration in D365 FO system.

Canada,America,Austria,Poland,Germany,France,Luxembourg,Spain,Hungary,UK,BVI,Korea,Thailand

my questions are below , thank you feedback!

1.for legal entities in this country, localization Pack for D365 FO are required?

2.any tax report need to generate in D365 for local regulatory requirement? whether customization or not ?If yes, please attach the format file

3.any posted tax transactions need to export from D365 system to local sales tax authorities? whether customization or not ?if yes ,please attach the data format

4.if purchase order tax example is not applicable ,please raise all the examples of purchase order tax calculation to represent your business scenario

Vendor account	V001	VAT code	22%
purchase order	PO001
Po line	item	QTY	Price	net amount	Po line tax value
1	item A	10	11	110	?
2	item B	20	12	240	?
3	item C	30	14	420	?

Customer account	C001	VAT code	22%
Sales order
SO line	item	QTY	Price	net amount	So line tax value
1	item A	10	11	110	?
2	item B	20	12	240	?
3	item C	30	14	420	?

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saurabh bharti 15,055 Moderator on at

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Microsoft Dynamics 365 finance and operations is an global ERP which is fully capable of managing "Tax localization related requirement" using specific module called as sales tax.

Also, it enables country specific tax features based on country selected while creating legal entity.

You can configure and view sales tax module to validate your scenarios. It also has electronic reporting framework which helps in extension of current tax engine/reports in case of any GAP.

Note: It is difficult to give complete overview of everything for mentioned countries.

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Ludwig Reinhard Microsoft Employee on at

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Hi stephen,

For Q1:

As far as I know and what I see on MS docs, all countries except Luxembourg and Korea are included in the standard.

Luxembourg is very tiny, basically a city and the accounting often follows the neighboring countries (e.g. German GAAP or IFRS). Please clarify this with the finance team what they want to have here.

For Korea there are localization packs available on the appsource.

Not sure about BVI because I don't know what country that is.

For Q2:

Your question is too general.

Every country requires local reports.

Most of them are included in the standard package or in the localization packs but often not all.

That is something that you need to clarify with the local finance teams when implementing D365.

For Q3:

Also here the question is too general especially against the background that the countries listed apply very different sales tax / VAT regimes.

Please coordinate with your local finance teams and check MS docs.

docs.microsoft.com/.../

For Q4:

Same as Q3.

Best regards,

Ludwig

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