Implementing Microsoft Dynamics 365 for Finance and Operations Apps - Second Edition

Tax engine

Similar to electronic reporting, Microsoft has introduced a Global Tax Engine (GTE) to set up and calculate taxes from a code-based approach to configuration.

Currently, the GTE functionality is only available for India but may be available for other countries in the future.

The GTE is highly configurable and lets business users, functional consultants, and power users configure tax rules that determine tax applicability, tax calculation, posting, and settlement, based on the legal and business requirements. The GTE covers the following functional scopes: 

Functional area	Scope
Tax administration	Tax registration Tax authority Tax-related information on master data Tax invoice and voucher numbering
Tax applicability ...