VAT report changes are available for Finland in 2018 in Microsoft Dynamics AX

Applies to: Microsoft Dynamics AX 2009 Service Pack 1Dynamics AX 2012 R3

Summary


This article describes a country-specific update for Finland in regard to changes on the VAT report.

Starting from Jan 2018, Imported goods (VAT basis and VAT amount) need to be
reported on the VAT report.

Overview


To address the requirements, the following changes need to be done.

Create new reporting codes 304 (VAT on import of goods from outside the EU ) and 310 (Imports of goods from outside the EU ) in Sales tax reporting codes (General Ledger -> Setup -> Sales tax -> External -> Sales tax reporting codes) with Finnish report layout. Make sure 307 (Tax deductible) is created.

Setup existing sales tax code (or create a new if needed) on which Import operations are booked in the following way:

Field on Report setup tab of Sales tax code

Value

Taxable import

310

Use tax

307

Offset use tax

304

Note In order the settings work, the sales tax code should be marked as Use tax in the Sales tax group.

Amounts collected on the Reporting code 304 for the period will be summed up to Total amount of the reporting code 308 (VAT amount to pay/receive) on the Finnish sales tax report.

Example


The following table illustrates the settings in forms and report output for scenario when only one transaction on imported goods took place in the period (base amount 2000 EUR, VAT amount 480 EUR):

* Scenario is relevant for Microsoft Dynamics AX 2009 SP1 and Microsoft Dynamics AX 2012/Microsoft Dynamics AX 2012 R2/Microsoft Dynamics AX 2012 R3.

Setup

 Form in Microsoft Dynamics AX 2012 R3

Sales tax reporting codes

Report layout = Finnish report layout

304

307

310

KB4072642 - Sales tax reporting codes Finnish report layout

Tax setup

Sales tax authority

Authority = "TA"

Report layout = "Finnish report layout"

Settlement periods

Settlement period = "Mon"

Authority = "TA"

FIVAT (use tax)

Settlement period = "Mon"

Report setup >> Import

Taxable import = "310"

Use tax = "307"

Sales tax payable = "304"

KB4072642 - Sales tax code Finnish report layout

Tax value = 24

Sales tax group

FIimp

Include FIVAT,

Use tax = Yes

KB4072642 - Sales tax group Finnish report layout

Item sales tax group

FULL

Include FIVAT

KB4072642 - Item Sales tax group Finnish report layout

Post vendor invoice

Invoice FI02

Line amount 2000

Tax item group FULL

Tax group FIimp

Note posted tax

Base 2000

Tax 480

Direction Use tax

KB4072642 - Vendor Invoice and sales tax transaction2

Supplementary report run

GL >> Reports >> Transactions >> Groupings >> Sales tax payments by code

Sales tax reporting codes >> Select > >Report layout = "Finnish layout"

KB4072642 - Sales tax payment by code Finnish report layout

Sales tax payment report run

GL >> Sales tax payments >> Sales tax payments

Settlement period = "Mon"

From date = any < invoice date

Sales tax payment version = Origin OR Latest corrections

KB4072642 - Sales tax payment Finnish report layout - dialog1

Tax currency = EUR

Reporting currency = EUR

(step is relevant for v2012 only)

KB4072642 - Sales tax payment Finnish report layout - dialog2

Cf. the Sales tax payments by code

"304" = -(-480)

"307" = 480

"310" = -(2000)

"308" = "304" - "307"

KB4072642 - Sales tax reporting Finnish report layout

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:

  • Microsoft Dynamics AX 2012 R3
  • Microsoft Dynamics AX 2012 R2
  • Microsoft Dynamics AX 2012
  • 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.

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.