Tax engine

Similar to electronic reporting, Microsoft has introduced a Global Tax Engine (GTE) to set up and calculate taxes from a code-based approach to configuration.

Currently, the GTE functionality is only available for India but may be available for other countries in the future.

The GTE is highly configurable and lets business users, functional consultants, and power users configure tax rules that determine tax applicability, tax calculation, posting, and settlement, based on the legal and business requirements. The GTE covers the following functional scopes:

Functional area	Scope
Tax administration	Tax registration Tax authority Tax-related information on master data Tax invoice and voucher numbering
Tax applicability	The application scope of a tax Applying taxes on transactions
Tax calculation	Determination of tax basis and tax rate Calculation and distribution of tax amount
Tax accounting	Accounting treatment of the calculation and distributed tax amounts
Tax documentation	Tax invoice
Tax settlement	Output tax and input tax assessment Tax adjustment Tax payment, carry forward, and refund
Tax return	Tax inquiries Tax report Filing and e-filing

Just like electronic reporting, the GTE feature can be leveraged to implement tax-related requirements through configuration.

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Tax engine