See new capabilities in the Tax Calculation service
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.
Enabled for | Public preview | General availability |
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Users by admins, makers, or analysts | - | Oct 2, 2023 |
Business value
The digitalization of tax and the steady stream of indirect tax regulations that global businesses encounter, such as sales tax, VAT, and GST, have further complicated existing processes by introducing new industry and compliance risks that challenge leaders in every global enterprise.
The Tax Calculation service allows you to improve compliance with associated local regulations. The new, configurable microservice enhances the tax determination and calculation capabilities in Dynamics 365 Finance. Tax calculation is fully integrated out of the box, and enables you to:
- Automate and standardize tax determinations and calculations across countries or regions.
- Use a configurable tax determination matrix and flexible calculation designer to configure and execute complex tax determination rules and calculations by using formulas and conditions.
- Simplify compliance maintenance for local tax regulations.
With the integration between the Tax Calculation service and the invoice register, invoice approval, and invoice pool, you can leverage the existing and future tax determination and calculation features on these transactions.
Feature details
The Tax Calculation service integrates with the following Dynamics 365 Finance transactions to provide the full capabilities of enhanced tax determination and calculation:
- Invoice register
- Invoice approval
- Invoice pool
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See also
Tax Calculation overview (docs)