On 03.06.2020 the planned economic stimulus package of the Federal Government was presented. A central point is the reduction of the value-added tax from 19% to 16% and for the reduced rate from 7% to 5% - for the next six months. This change is to come into force already on 01.07.2020.
What does this mean for you and your existing solution?
With the change in the VAT rate, the necessary facilities are required in your Dynamics NAV / Dynamics 365 Business Central solution. In addition, a conversion of the existing documents (e.g. quotation, orders, purchase orders, etc.) and further measures are required on the effective date.
We provide further information, a guide to the conversion tool and a checklist, which is continuously updated:
Do not miss our free webcast on this topic:
Webcast: 10.06.2020 | 10:00-10:30 OR 14:00-14:30 | VAT conversion for NAV and Business Central
Register today for the webcast "VAT conversion for Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central" on June 10, 2020. Here you can find out how the conversion will take place.
Registration 10:00 Registration 14:00
Note: Slot 1 (10:00-10:30) is almost fully booked, so we would like to ask you to participate in Slot 2 (14:00-14:30).
Webcast: 10.06.2020 | 10:00-10:30 am | VAT changeover for NAV and Business Central
Register today for the webcast "VAT conversion for Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central" on June 10, 2020. Here you can find out how the conversion will take place.
Do you have questions about the change of the VAT rate in your ERP system? Contact us using the contact form below or send an e-mail directly to your contact person. We look forward to your message.
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