VAT - value-added tax became popular among many countries due to the consequences of COVID-19. Moreover, some countries declared their intention to stimulate its economics by changes in VAT rates. For instance, European economic giant, Germany, already has announced lowering of rates (from 19% to 16%) till the end of 2020.

One of the features in Dynamics 365 Business Central is to adjust VAT (single or differentiates) for any country.

Dynamics 365 Business Central is a perfect tool for managing VAT changes. In Dynamics 365 Business Central one can change VAT rates for documents or master data. The benefit is simple: designed algorithms help you to easily adjust and not to interfere your business by changes in VAT rates.

There was a recent update to take into account the greatest variety of conversations. It will be available since 1st of July, 2020, and on-premises clients can access it with the new update.

Article publication source:

https://cloudblogs.microsoft.com/
dynamics365/