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How To Automate Complex Tax Scenarios With Enhanced Tax Calculation Capabilities?

Today, the global operating environment of business has become increasingly complex and heavily prone to disruptions from countless sources. With changing times, new business models are disrupting the status quo and redefining the ways and ideas of how products and services can be delivered and experienced.

On top of that, it is often overwhelming to stay on top of local laws and regulations in different countries of the world. Thankfully, you can always count on Microsoft’s enhanced Tax Calculation capabilities to automate complex tax scenarios and deliver more scalable and easy-to-adopt tax solutions to your customers.

It will not be wrong to say that the addition of flexible and scalable no-code/low-code Tax Calculation capabilities to an already powerful ERP solution, such as Microsoft Dynamics 365, is definitely compelling functionality. The best thing is that the new tax calculation service as a native component of Dynamics 365 gives organizations a high degree of confidence in recommending the solution because we understand it can be configured to meet bespoke requirements without significant coding or expensive customizations.

The Tax Calculation enhancements to Dynamics 365 has helped organizations automate complex tax scenarios that required costly customizations before. Some of the complex scenarios that Dynamics 365 customers have successfully enabled while deploying the new Tax Calculation capabilities include:

  • EU distance selling

  • EU triangulation transactions

  • EU VAT on margin

  • Tax deductibility by the usage of the goods and services

  • US origin-based and destination-based sales tax

  • Consignment warehouses with multiple VAT registrations

  • Transfer price model and limited risk distributor

Organizations can efficiently streamline and automate tax determination and calculation by leveraging the enhanced no-code/low-code tax calculation functionality, which is an integral part of Globalization Studio within Dynamics 365. This scalable and robust tax calculation service allows both enterprise and small organizations to support and maintain a very effective tax calculation solution in-house.

The Globalization Studio capabilities offer more than effective tax calculation and determination. It also includes no-code/low-code globalization tools and services and out-of-the-box content for electronic invoicing, tax audit and regulatory reporting, country-specific payment formats, business documents, and more. This helps users operate Microsoft's solution in more than 200 regions/countries while meeting multiple tax compliance requirements and local business practice requirements.

Want to leverage the Tax Calculation capabilities in your organization? Call or email us now to find out how you can streamline processes, increase compliance, and strategically grow your business globally.


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