Tax Calculation service – integration with general journal


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Enabled for Public preview General availability
Admins, makers, marketers, or analysts, automatically Apr 16, 2021 Mar 31, 2022

Business value

The digitalization of tax and the steady stream of indirect tax regulations that global businesses encounter, such as VAT and GST, have further complicated existing processes by introducing new industry and compliance risks that challenge leaders in every global enterprise.

Tax Calculation allows you to improve compliance with associated local regulations. The new, configurable microservice (preview) enhances the tax determination and calculation capabilities in Dynamics 365 Finance and Dynamics 365 Supply Chain Management. Tax Calculation is fully integrated out of the box, and enables you to:

  • Automate and standardize tax determinations and calculations across countries or regions.
  • Use a configurable tax determination matrix and flexible calculation designer to configure and execute complex tax determination rules and calculations by using formulae and conditions.
  • Simplify compliance maintenance for local tax regulations.

Feature details

General journal will be integrated with the Tax Calculation service to support the enhanced features in the Tax Calculation service for more flexible and configurable tax determination and calculation.

The scope includes vendor, customer, ledger, project, bank, and fixed assets journals.

See also

Tax calculation overview (docs)