Bearbeiten

Freigeben über

Set up legal entity and tax information for Colombia

  • Artikel

This article explains how to set up a legal entity and tax information for a company in Colombia that's using the Latin American (LATAM) features that are available in Microsoft Dynamics 365 Finance. A legal entity represents the company, and it contains the tax and legal attributes that are required for the rest of the LATAM configuration.

Before you begin, open the Feature management workspace, and verify that the LATAM globalization expansion – Colombia feature is enabled. If it isn't enabled, enable it. After you've verified that the feature is enabled, complete the following procedures.

  1. Go to Organization administration > Organizations > Legal entities.
  2. Create a legal entity to use as the company, and set the address to Colombia. Some functionality is enabled only for Colombia. Examples include specific tax reports or electronic invoices.
  3. In the address setup, set up the address format for Colombia by using State as Departamento and County as Municipio.
  4. Go to Organization administration > Setup > LATAM > LATAM parameters.
  5. On the Concept and notes tab, set a concept field from the Legal entity section as Activity to complete that information in the legal entity tax and legal information.

Set up tax information

  1. Create a document class letter without a prefix. This document class letter is used in taxpayer and document class configurations.

  2. Go to Organization administration > Setup > LATAM > Tax ID type.

  3. Select New, and then, in the Overview section, in the Tax ID type field, enter NIT (tax identification number), which is one of the tax ID types for Colombia.

  4. In the Format field, enter XXX.XXX.XXX-X. For more information, see Tax ID types for Latin America.

  5. Go to Organization administration > Global address book > Addresses, select the country where the company is set, and then select LATAM to add the NIT tax ID type. For more information, see Address setup for Latin America.

  6. Go to Organization administration > Setup > LATAM > Taxpayer type, and create a record that represents organizations.

  7. In the Type field, select Persona juridica. Then add the tax ID type and the document class letter that you created. For more information, see Taxpayer types for Latin America.

  8. Go to Organization administration > Organizations > Legal entities, and then, in the LATAM section, configure the following entity tax and legal information:

    • In the Taxpayer type field, select Persona juridica to represents an organization.
    • In the Based in country/region field, select Colombia.
    • In the Country document type field, select NIT.
    • Complete the country document number, including the tax ID number of the company.
    • In the Concept and notes section, in the first field, enter the company activity.