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Expand localization for LATAM countries – Colombia

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Important

This content is archived and is not being updated. For the latest documentation, go to What's new or changed in Dynamics 365 Finance. For the latest release plans, go to Dynamics 365, Power Platform, and Cloud for Industry release plans.

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 Dec 22, 2023 Jul 2024

Business value

Tax compliance requirements are complex and change frequently. Companies are looking for more out-of-the-box geographic coverage and tax compliance automation from Microsoft. Shipping localizations for additional LATAM countries significantly extends our country support in LATAM beyond our current support and provides customers with more consistent out-of-the-box regulatory compliance coverage in multiple areas including tax reporting and electronic invoicing.

Feature details

We continue to extend the scope of the supported countries in LATAM to address the needs of multiple global and local customers. Out-of-the-box localization for Colombia is available for preview. While the country localization will provide the following capabilities, not all of them might be available for preview.

Country-specific features for Colombia

  • Invoicing

    • Electronic Invoicing
      • Electronic Invoice format
    • Other Invoicing
      • Invoice layout for sales order invoices, free text invoice, and project invoice

  • Reporting

    • General ledger and tax reporting
      • Declaration reports trial balance
      • Declaration reports General ledger
      • File export file format 1001 - PAGOS O ABONOS EN CUENTA Y RETENCIONES PRACTICADAS
      • File export file format 1003 - RETENCIONES EN LA FUENTE QUE LE PRACTICARON
      • File export file format 1005 - IMPUESTO A LAS VENTAS POR PAGAR -DESCONTABLE
      • File export file format 1006 - IMPUESTOS A LAS VENTAS POR PAGAR (GENERADO) E IMPUESTO AL CONSUMO
      • File export file format 1007 - INGRESOS RECIBIDOS
      • File export file format 1008 - SALDOS POR CUENTAS A COBRAR
      • File export file format 1009 - SALDOS POR CUENTAS A PAGAR
      • File export file format 1012 - INFORMACION DE LAS DECLARACIONES TRIBUTARIAS, ACCIONES Y APORTES E INVERSIONES EN BONOS, CERTIFICADOS, TITULOS Y DEMAS INVERSIONES TRIBUTARIAS

See also

Colombia overview (docs)