HOW TO IMPLEMENT VALUE ADDED TAX (VAT) IN MICROSOFT DYNAMICS 365?
HOW TO IMPLEMENT VALUE ADDED TAX (VAT) IN MICROSOFT DYNAMICS 365? on August 02, 2018 Value Added Tax or VAT is a tax on the consumption or use of goods and services levied at each point of sale. VAT is a form of indirect tax Dynamics 365 supports many types of indirect taxes, such as sales tax, value-added tax (VAT), goods and services tax (GST), unit-based fees, and withholding tax. you can check overview here This post discusses setup and transaction A- Setup The following diagram shows the entities of the tax setup and how they are related 1-Create Vendor tax authority who collect the VAT go to accounts payable /vendors/all vendors and create a new vendor account complete the information like address and contact information, vendor group,,..etc 2- create sales tax authority go to TAX / Indirect taxes /Sales tax / Sales tax authorities . create new tax authority define authori