Tax service (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.

Feature details

  • Out-of-the-box integration with Dynamics 365 Finance, Dynamics 365 Supply Chain Management, and Dynamics 365 Project Operations.
  • Configuration of tax service through the Regulatory Configuration Service (RCS), which is an enhanced version of the Electronic Reporting designer available as a standalone service.
  • Configurable tax matrix to automatically determine tax codes and rates.
  • Configurable tax matrix to automatically determine VAT ID.
  • Configurable tax calculation designer to define formulas and conditions.
  • Shared tax determination and calculation solution across legal entities.