Business Solutions

Microsoft Dynamics AX 2012, 2009, and 4.0 SP2 White Paper: Country-Specific Update for Italy - Increase in the Standard VAT Rate

Language:
English
This white paper describes the country-specific update released for Italy for Microsoft Dynamics AX 2012, 2009, and 4.0 SP2.
  • Version:

    2012, 2009, 4.0

    File Name:

    Country_specific_update_for_Italy_Increase_in_the_standard_VAT_rate.pdf

    Date Published:

    2011-10-24

    File Size:

    284 KB

      In accordance with the Italian Ministry of Economy and Finance, the standard value added tax (VAT) rate that is applied to transactions on goods and services has been increased to 21 percent. The VAT rate that is applied to transactions is calculated by using the effective date.

      This paper describes how the effective date is derived and which transactions the increase is applied to. It then describes how to set up the VAT rate, create and assign a VAT code to calculate VAT, and create adjustment VAT codes for credit notes and debit notes.

      For more information about other features that apply to Italy, refer to the Help. Information that is specific to Italy includes (ITA) in the title.
  • Supported Operating System

    Windows 7, Windows Server 2003, Windows Server 2008

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