Tax service – supporting multiple VAT ID (preview)

Important

Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned

Enabled for Public preview General availability
Users by admins, makers, or analysts Apr 2021 To be announced

Business value

Tax service is a configurable globalization microservice that enhances the tax determination and calculation capabilities in Dynamics 365 Finance, Dynamics 365 Supply Chain Management, and Dynamics 365 Project Operations. It provides a flexible tax determination matrix and configurable tax calculation designer to comply with local tax regulations. This feature is part of the tax service to support multiple VAT ID determination for a single legal entity and its counterparties.

Feature details

  • Maintain multiple VAT IDs under one single legal entity.
  • Maintain multiple VAT IDs under one single customer or vendor.
  • Autodetermine the correct legal entity VAT IDs on transactions.
  • Autodetermine the correct counterparty VAT IDs on transactions.

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