Microsoft Updates ERP Suites for Europe VAT Changes

Today's Best Tech Deals

Picked by PCWorld's Editors

Top Deals On Great Products

Picked by Techconnect's Editors

Microsoft is updating its Dynamics ERP (enterprise resource planning) suites to accommodate changes in Europe's VAT (value-added tax) law that take effect next year.

Starting Jan. 1, business will have to report the sale to other companies within the European Union of not only goods but also services, which means their ERP systems will have to be capable of delivering that information. According to the E.U., business-to-business suppliers of services will be taxed based on where the customer is located rather than the where the supplier is.

Microsoft said the layout of the new tax report is different for each of the 27 countries in the E.U.

The updates will upgrade Dynamics ERP systems, although Microsoft said customers need to subscribe to its Business Ready Enhancement Plan. The plan entitles subscribers to software upgrades for tax changes, among other features. Customers also must be on a still-supported version of Dynamics ERP.

The updates are for Dynamics AX, GP and NAV that support VAT 2010 within the core application, Microsoft said. The company will release further updates when other E.U. member countries specify more local details about the tax changes.

Note: When you purchase something after clicking links in our articles, we may earn a small commission. Read our affiliate link policy for more details.
Shop Tech Products at Amazon