Tax | Dynamics.FO - F&O Documentation and References

Determine Country/region properties based on Country/region and State pair

Feature allows you to specify State in Country/region properties in Foreign trade parameters. You can now determine whether Country/region and State pair is EU, EFTA or Third country.

Category hierarchy for Sales and purchase tax report

This feature enables category hierarchy through commodity code in all transactions for Bahrain, Kuwait, Malaysia, Oman, Qatar, Saudi Arabia.

Calculate origin amount for sales tax specification by ledger transaction report

This feature enables calculating origin amount in "Sales tax specification by ledger transaction" report when it is grouped by sales tax code and "Total" parameter is "Yes".

Calculate GST based on invoice account

This feature enables to calculate GST based on invoice account. Currently, the feature is applicable for sales order, purchase order and free text invoice.

[Saudi Arabic] Enable tax calculation for full project invoice amount

This feature enables tax calculation based on the full project invoice amount before deducting the retention amount in project invoice, and there will be no tax calculated on the retention project inv

(Italy) Tax plafond

Usual exporter functionality allowing to process tax plafond and related intent letters.

(Italy) Unified posting date control

The feature allows users to enable or disable invoices posting dates chronology control via a new Tax books sections parameter.

(Poland) Tax exempt number in sales tax transactions

This feature controls how tax exempt numbers are populated in sales tax transactions.

(Russia) Tax differences registers by balance method

Creating and calculating Temporary and constant tax differences registers by balance method.

[EM] Executable class action type

This feature allows you to specify the action type for the executable class in electronic messaging.

[GTE] Pick the lookup value with the most preciously matched condition

Currently, if there are multiple hit lookup values like rate, GTE picks up the rate with the most number of condition columns with value.

[India] GTE calculation validation

This feature will enable validation for GTE calculation, to prevent empty tax component or zero tax amount.

(Italy) Unique Certification

The possibility to generate electronic files of Unique certification for communication with Revenue Agency.

Activate setoff hierarchy profile in batch

Enable to activate setoff hierarchy profile in batch mode.

(India) Enable initial TDS threshold under section 194Q

Enable this feature to maintain initial TDS threshold amount between April 1st and Jul 1st ( law enforcement date of section 194Q) for fiscal year 2021.

(India) Enable Credit/Debit note against export Invoice

This feature will enable a user to issue Credit/Debit note against posted export invoice. Credit/Debit note can be issued by using “General journal”, “Free text invoice” and “Export sales orders”.

(India) Enable changing tax rate type in purchase invoice.

In India, most of times when vendor invoice is received from the supplier is having different tax rate from what it is in the purchase order.

(India) Enable "TDS/TCS withholding tax group" defaulting from the master form without differentiating the nature of the transaction

Enabling this feature will facilitate user to default "TDS/TCS withholding tax group" on a transaction from the master form irrespective of nature of transaction type i.e. sale or purchase.

(Eastern Europe) Customer/vendor transaction posting log settlement support for multi transaction log vouchers

The feature improves unsettlement abilities for Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland and Russia in some specific scenarios related to conditional tax.

(China) GB/T 24589 running in batch

The feature enables possibility to run GB/T 24589 report in batch.

(India) Enable posted withholding transaction form for TDS/TCS

Enablement of this feature will allow users to generate posted withholding transaction reports for tax type TDS (Tax deduction at source) and TCS (Tax collection at source) based on selected report c

(India) Enable TCS calculation on payment collection from customer basis

Enablement of this feature will activate the option for the user to apply TCS based on the payment amount received from customer during the defined date range.

(India) Enable the default assessable value of BOE calculated proportionally

This feature enables the default assessable value of India BOE would be calculated proportionally based on the quantity and assessable value of the purchase line.

(India) Enable to include tax collection at source (TCS) in the "total invoice value" of an invoice.

If enable this feature user will able to include TCS (Tax collection at source) tax amount in the total invoice value of the sales and purchase invoice.

(India) Enable withholding setup for currency validation to prevent "Withholding payment" from failure due to currency variation.

This feature enablement will ensure that the user does currency setup for withholding tax codes and withholding tax authority in accounting currency . .