Work with taxes in Dynamics 365 Finance

  • Module
  • 10 Units
Intermediate
Functional Consultant
Business User
Dynamics 365
Finance

Working with taxes in Dynamics 365 Finance is important for ensuring compliance with tax regulations, accurate financial reporting, and efficient tax management. Proper tax configuration helps your organization manage complex tax scenarios, including withholding taxes, sales tax exemptions, and conditional taxes. As a result, your organization can tax and report all transactions correctly to the relevant authorities.

Learning objectives

This module explains the following concepts:

  • Withholding taxes
  • Sales tax exemptions
  • Conditional sales tax
  • Analysis of sales tax on transactions
  • How to set up sales tax reporting codes and withholding tax
  • How to prepare periodic filling

Prerequisites

  • Basic understanding of finance and accounting processes
  • The ability to use Dynamics 365 Finance for basic processing
  • An understanding of how to set up General ledger in Finance