Extended Italian localization – Intent letters – invoicing of usual exporters
Important
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| Enabled for | Public preview | General availability |
|---|---|---|
| End users by admins, makers, or analysts |  Feb 3, 2020 |
Aug 1, 2020 |
Business value
Global and local customers who deploy Dynamics 365 Finance in Italy receive selected regulatory and competitive Italian features out of the box without the need to apply the Extended Italian Localization (EXIL) add-in or any other add-in with similar features available in the Italian market.
Feature details
A company is called a usual exporter when, in the previous period, the previous calendar year for fixed plafond or the previous 12 months for variable plafond, more than 10 percent of the whole revenue is from sales to foreign countries/regions. This type of company has a special tax-exemption process where they can purchase and import goods and services without paying sales tax, within a limited value (plafond) of their sales to foreign countries/regions in a previous period.
When this limit value is reached during the year, they continue to buy using the normal sales tax percentage. The usual exporter company must send an intent declaration (a numbered and dated letter) to its vendors declaring its exemption to pay tax.
When the usual exporter company exceeds its tax plafond, it must communicate this to its vendors so that they will immediately begin issuing invoices with sales tax.