Use the Tax Calculation service in Project Operations

Important

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Enabled for Public preview General availability
Users by admins, makers, or analysts - Feb 2, 2024

Business value

The digitalization of tax and the steady stream of indirect tax regulations that global businesses encounter, such as sales tax, VAT, and GST, have further complicated existing processes by introducing new industry and compliance risks that challenge leaders in every global enterprise.

Tax Calculation allows you to improve compliance with associated local regulations. The new, configurable microservice enhances the tax determination and calculation capabilities in Dynamics 365 Finance. Tax Calculation is fully integrated out of the box. It enables you to:

  • Automate and standardize tax determinations and calculations across countries or regions.
  • Use a configurable tax determination matrix and flexible calculation designer to configure and execute complex tax determination rules and calculations by using formulas and conditions.
  • Simplify compliance maintenance for local tax regulations.

With the integration between the Tax Calculation service and Project Operations, you can leverage the existing and future tax determination and calculation features on project transactions.

Feature details

The Tax Calculation service integrates with the following project transactions to provide the full capabilities of tax determination and calculation:

  • Project invoice proposal
  • Project journal
  • Project integration journal

See also

Tax Calculation overview (docs)