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Expand localization for LATAM countries - Venezuela

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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 - Feb 2025

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 Venezuela is available. While the country localization will provide the following capabilities, not all of them might be available for preview.

Country-specific features for Venezuela

  • Invoicing

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

  • Reporting

    • General ledger and tax reports
      • Declaration Reports General Ledger Book (Libro Diario)
      • Declaration Reports ISLR Withholdings Book
      • Declaration Reports Purchases VAT Book
      • Declaration Reports Relationship purchases Book
      • Declaration Reports Relationship Sales Book
      • Declaration Reports Sales VAT Book
      • File export ISLR Withholdings
      • File export VAT withholdings