Expand localization in LATAM countries for Venezuela

Important

Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned

Enabled for	Public preview	General availability
Users by admins, makers, or analysts	-	Jul 2025

Business value

Tax compliance requirements are complex and frequently changing. Companies want more out-of-the-box geographic coverage and tax compliance automation from Microsoft. Shipping localizations for additional LATAM countries significantly extends our country support in LATAM beyond the current support. It provides customers with more consistent out-of-the-box regulatory compliance coverage in multiple areas, including tax reporting and electronic invoicing.

Feature details

We continue to extend the scope of supported countries in LATAM to address the needs of multiple global and local customers. The solution includes out-of-the-box localization for Venezuela. While the country localization provides the following capabilities, the features might not all be available for preview.

Country-specific features for Venezuela

• Invoicing

  • Electronic Invoicing
    • Electronic Invoice format
  • Other invoicing
    • Invoice layout for sales order invoice, free text invoice, and project invoice

• Reporting

  • General ledger and tax reports
    • Declaration Reports General Ledger Book (Libro Diario)
    • Declaration Reports ISLR Withholdings Book
    • Declaration Reports Purchases VAT Book
    • Declaration Reports Relationship purchases Book
    • Declaration Reports Relationship Sales Book
    • Declaration Reports Sales VAT Book

• File export ISLR Withholdings * File export VAT withholdings