About setting up taxes [AX 2012]
Updated: August 6, 2012
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack
You must set up sales tax codes, item sales tax groups, and sales tax groups by completing the tasks that are described in Microsoft Dynamics AX Help. To support retail operations, you must also complete the following tasks.
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Required: Assign sales tax groups to stores
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Required: Specify inclusive or exclusive tax
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Optional: Set up sales tax overrides
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Optional: Set other tax options for stores
In Microsoft Dynamics AX, two types of tax groups are used. Sales tax groups are assigned to customers, and item sales tax groups are assigned to products. For each product that is sold, Microsoft Dynamics AX calculates tax by determining the sales tax codes that apply to both the product and the customer to whom the product is sold. If a tax group is not assigned to either the product or the customer, no tax is applied.
In Retail, sales tax groups must be assigned to stores. For each product that is sold, Retail calculates tax by determining the sales tax codes that apply to both the product and the store where the product is sold. If an item sales tax group is not assigned to the product, no tax is applied.
Retail calculates taxes for return transactions by using the schedules for sales tax rates that are assigned to each sales tax code. Set up these schedules to guarantee that you do not refund more tax than you collected.
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Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).
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