Summary
This article describes a country-specific update for Latvia in regard to changes in VAT report.
Starting from year 2018, the threshold of the reportable transactions in the VAT return is reduced from EUR 1430 to EUR 150. The application of reverse charge to local supplies of goods/services is expanded. New xml elements were introduced.
Overview
To address the changes, the following was updated in the system:
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Add new xml elements in General ledger > Setup > Sales tax > External > Sales tax reporting XML codes:
|
Code |
Description |
|
R421 |
Transactions Taxable with VAT 5% |
|
R451 |
Goods supplied to EU Member States referred to Section 16, Paragraph four of the Law |
|
R511 |
Goods received from EU Member States (reduced rate (VAT 5%)) |
|
R531 |
With a VAT rate of 5% for taxable transactions |
|
R561 |
With VAT 5% of taxable goods received from EU Member States |
Important: Please note, that Initialize function will re-create the xml elements and delete the already created records.
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Following types are added in General ledger > Setup > Sales tax > Sales tax codes, field Business type, new values:
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C (light vehicle acquisition and import)
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R4 (Electronic related business)
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R5 (Grain related business)
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R6 (Precious metal related business)
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R7 (Metal products and services related business)
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R8 (household electronic devices and household electronic appliances related business).
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R9 (Construction products related business)
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General ledger > Reports > External > Sales tax payments, button Export VAT XML file, new dialog field Threshold:
Hotfix information
How to obtain the Microsoft Dynamics AX updates files
This update is available for manual download and installation from the Microsoft Download Center.
Prerequisites
You must have one of the following products installed to apply this hotfix:
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Microsoft Dynamics AX 2012 R3
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Microsoft Dynamics AX 2012 R2
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Microsoft Dynamics AX 2009 SP1
Restart requirement
You must restart the Application Object Server (AOS) service after you apply the hotfix.
If you are encountering an issue downloading, installing this hotfix, or have other technical support questions, contact your partner or, if enrolled in a support plan directly with Microsoft, you can contact technical support for Microsoft Dynamics and create a new support request. To do this, visit the following Microsoft website:
https://mbs.microsoft.com/support/newstart.aspx
You can also contact technical support for Microsoft Dynamics by phone using these links for country specific phone numbers. To do this, visit one of the following Microsoft websites:
Partners
https://mbs.microsoft.com/partnersource/resources/support/supportinformation/Global+Support+Contacts
Customers
https://mbs.microsoft.com/customersource/northamerica/help/help/contactus
In special cases, charges that are ordinarily incurred for support calls may be canceled if a Technical Support Professional for Microsoft Dynamics and related products determines that a specific update will resolve your problem. The usual support costs will apply to any additional support questions and issues that do not qualify for the specific update in question.
additional support questions and issues that do not qualify for the specific update in question.
Note This is a "FAST PUBLISH" article created directly from within the Microsoft support organization. The information contained here in is provided as-is in response to emerging issues. As a result of the speed in making it available, the materials may include typographical errors and may be revised at any time without notice. See Terms of Use for other considerations.
