Support of the 2010 VAT Package Legislation in the European Union for Microsoft Dynamics AX


 

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.

Detailed information is available in a whitepaper (already posted to the blog) which you can find on PartnerSource and CustomerSource.

Posted By Fee Nolan


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