Dynamics 365 Tax Calculation

“Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” — Benjamin Franklin

Taxes aren’t an exciting topic for most people, but an important topic for businesses to stay on top of nonetheless (unless you enjoy IRS visits). Lucky for Dynamics 365 users, Microsoft has recently introduced some very useful enhancements for tax calculation in D365. The new functionality is aimed at bringing together all tax-relevant data and helping to automate processes along the way.

In the announcement blog post, Sergey Shvedov (Principal Group Manager, Dynamics 365 Globalization) lays out the challenges addressed by the solution:

• Tax determination
• Tax calculation
• Multiple tax registration numbers
• Tax on transfer orders

Check out these links to get started:

• Tax calculation overview – https://docs.microsoft.com/en-us/dynamics365/finance/localizations/global-tax-calcuation-service-overview?toc=/dynamics365/finance/toc.json
• Getting started – https://docs.microsoft.com/en-us/dynamics365/finance/localizations/global-get-started-with-tax-calculation-service