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Tax calculation - transfer orders and reporting

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#tax

#transferorders

Dynamics 365 Finance

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Mar 13, 2024

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AI Summary

  • Enable reverse charge under General ledger parameters when transferring items between warehouses in different countries.
  • Create a Site for each VAT registration address and assign a transit warehouse to the Site.
  • Create a Warehouse for each VAT registration address and a transit warehouse. Address information on the warehouse overrides the site address during tax calculation.
  • The transit warehouse does not require an address.
  • Sales tax groups on transfer orders are retrieved from Globalization studio when selecting the "Sales tax" menu item on the Ship or Receive pane.
  • Tax calculation is performed when selecting the "Sales tax" menu item on the Ship or Receive pane, calculating VAT and inserting the Sales tax group for both transactions.
  • Intrastat and EU sales list reporting require selecting the VAT registration number and generating the output file for reporting.
  • VAT reporting for settlement period is similar to previous versions.

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