MS Learn Highlights – 5/30/2025

VAT Statement Details for Lithuania - Dynamics 365 Finance

This article outlines the setup process for a VAT statement specific to legal entities operating in Lithuania within Microsoft Dynamics 365 Finance.

Setup Steps

1. Access the Tax Authority Setup:

   • Navigate to the Tax authority configuration.

2. Configure Tax Settings:

   • Use the Tax Report Collection feature to manage your VAT reports.
   • Define the necessary parameters in the Tax Table related to VAT codes and rates applicable to Lithuanian legislation.

3. Generate the VAT Statement:

   • Select the Tax Report Voucher to produce the VAT statement.
   • Ensure all related transactions are appropriately recorded to reflect accurate VAT calculations.

4. Review and Submit:

   • Review the generated VAT statement for compliance and accuracy.
   • Submit the VAT statement to the tax authorities as per the legal deadlines and requirements dictated by Lithuanian tax law.

For detailed guidance, refer to the full article: VAT statement details for Lithuania.

VAT Declaration for Latvia in Microsoft Dynamics 365 Finance

This document outlines the setup and configuration procedures for a value-added tax (VAT) declaration applicable to legal entities in Latvia using Microsoft Dynamics 365 Finance.

Setting Up VAT Declaration for Latvia

1. Configure VAT Posting Setup

   • Navigate to the Tax setup page.
   • Define the VAT posting accounts and parameters specific to the Latvian VAT regulations.

2. Assign VAT Groups

   • Create VAT groups to categorize transactions based on VAT rates.
   • Each group must reference the applicable VAT rate for different kinds of goods and services in Latvia.

3. Set up VAT Calculation Methods

   • Select and set VAT calculation methods according to local regulations (based on gross or net values).

4. Create and Configure VAT Authorities

   • Set up VAT authority records to ensure that tax reporting aligns with Latvian VAT legislation.

5. Generate VAT Declaration

   • Use the Tax reports function to generate the VAT declaration.
   • Ensure data accuracy and completeness before submission.

6. Steps for Periodic VAT Reporting

   • Regularly review VAT settings and updates.
   • File VAT declarations on time to comply with local tax laws.

Important Fields in VAT Declaration Configuration

The table below summarizes key fields relevant to VAT declaration setup:

For more details, refer to the original article: VAT declaration for Latvia - Finance | Dynamics 365

Generate Customer Credit Note for Project Sales in Dynamics 365 Finance (Malaysia)

This article provides a guide on how to create and print a project credit note for GST in Malaysia using Microsoft Dynamics 365 Finance.

Step-by-Step Instructions:

1. Navigate to the Project Invoice Proposal:

   • Open the ProjProjectsListPage.
   • Select the relevant project.

2. Create an Invoice Proposal:

   • Go to the Invoice proposals and create a new proposal.
   • Select the required lines from the project transactions.

3. Generate the Credit Note:

   • Choose the option to generate a credit note based on the invoice proposal.
   • Ensure that the format is set for GST compliance as required in Malaysia.

4. Print the Credit Note:

   • Once generated, navigate to the print options.
   • Select the appropriate layout for the credit note.
   • Execute the print command to obtain a physical or PDF copy of the credit note.

5. Review and Archive:

   • Verify the credit note against project records.
   • Archive as necessary for accounting records.

This process ensures compliance with Malaysian GST regulations when handling project-related sales and invoicing.

For more details, visit the original article: Generate Customer Credit Note for Project Sales - Finance | Dynamics 365

Set up GST relief clauses - Finance

The article provides guidance on setting up GST (Goods and Services Tax) relief clauses for Malaysia in Microsoft Dynamics 365 Finance. This configuration is essential for complying with local tax regulations.

Step-by-Step Setup Instructions

1. Access Tax Settings:

   • Navigate to the Tax module in Dynamics 365 Finance.

2. Create GST Relief Category:

   • Go to Tax Relief Categories.
   • Click New to create a new GST relief category.
   • Fill in the required fields such as the Name and Description.

3. Define GST Relief Groups:

   • Navigate to Tax Relief Groups.
   • Click New to create a new relief group.
   • Specify the group details including its relationship with the relief category created earlier.

4. Link Categories to Groups:

   • Ensure that the newly created tax relief categories are correctly linked to their respective tax relief groups.

5. Test the Configuration:

   • Run a few transactions to ensure the GST relief clauses are functioning as expected.

Key Information

For further details and specifics, refer to the original article: Set up GST relief clauses - Finance | Microsoft Learn

Creating and Printing Vendor Self-Billed Invoices in Dynamics 365 Finance for Malaysia

This article provides guidance on how to create and print vendor self-billed invoices specifically for Malaysia within Microsoft Dynamics 365 Finance.

Steps to Create and Print a Vendor Self-Billed Invoice

1. Navigate to the Invoices Section: Go to the 'Accounts payable' module.
2. Select Invoices: Click on 'Invoices' followed by 'Self-billed invoices'.
3. Create New Invoice: Click on 'New'. This action opens a form to enter invoice details.
4. Enter Invoice Information: Fill in the fields for:
   • Vendor account
   • Invoice date
   • Amount
   • Relevant transactions
5. Validate the Invoice: Ensure all information is correct and complies with local regulations.
6. Print Invoice: After validation, use the print functionality to generate the physical copy of the self-billed invoice.
7. Confirm Invoice: Post the invoice to finalize the entry in the system.

Considerations

• Ensure that all necessary configurations are set up in the system to comply with Malaysia’s invoicing requirements.
• You may need specific permissions to create or edit invoices.

For further details, refer to the original documentation: Creating Vendor Self-Billed Invoices in Dynamics 365 Finance