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

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

    Version:
    Date Published:

    2012, 2009, 4.0

    10/24/2011

    File name:
    File size:

    Country_specific_update_for_Italy_Increase_in_the_standard_VAT_rate.pdf

    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.
  • System Requirements

    Supported Operating System

    Windows 7, Windows Server 2003, Windows Server 2008

  • Install Instructions

      1. Click Download to download the file in PDF format.
      2. Save the file to your computer.

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