Between October and December 2009, Microsoft will release various software updates, depending on when tax authorities in each country/region make their requirements publicly available, to help customers comply with the new regulations. One update is already included in Hotfix Rollup 3 for Microsoft Dynamics AX 2009 SP1 (KB974409) and Microsoft Dynamics AX 2009 RTM (KB974407) and is available as a hotfix for Microsoft Dynamics AX 4.0 SP2. You must install this update before installing subsequent VAT 2010 updates.
The VAT Package introduces changes in the following key areas:
- Place of supply rules for services.
- EU sales list reporting obligations.
- VAT refund procedures.
- Introduction of a one-stop shop approach to VAT reporting.
These software updates will be made available for Microsoft Dynamics AX 2009 and Microsoft Dynamics AX 4.0 SP2.
Posted By Fee Nolan