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Calculate and post VAT settlement by Activity Code - Italy

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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, automatically - Dec 2024

Business value

Users can ensure full compliance with Italian tax regulations by calculating VAT settlements based on activity codes.

Feature details

This feature allows users to configure various Activity Codes, such as trade or service, for use in VAT Settlements. When enabled, Business Central will support posting multiple VAT settlements within the same period, each associated with a different Activity Code. These activity codes will also be recorded in the Periodic Settlement VAT Entry. Once a VAT settlement for a specific period is posted, the system will automatically document the period in the corresponding Activity Codes, ensuring accurate and compliant reporting.

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See also

Submit VAT Statements in the Italian Version - To settle and post VAT transactions (docs)