Learn more in our recent blog: Reduce complexity across global operations with Dynamics 365 Tax calculation service overview In these ways, our new tax calculation service is simplifying and improving tax compliance for global businesses. At the same time, it assists in minimizing compliance risk by reducing opportunities to introduce errors into the process. Tax calculation not only helps businesses unify their tax-relevant data, but it also leverages automation to make their tax calculation processes more efficient. Microsoft Dynamics 365 is changing this situation for companies with intelligent and timely globalization solutions, such as tax calculation. Indeed, this has been the standard solution for some time now. For many years, the only option available for business leaders looking to ensure tax compliance globally was to hire enough full-time finance and tax professionals to monitor policy changes and align company processes accordingly. This has set the stage for businesses of all sizes and industries to expand globally in pursuit of new markets, suppliers, talent, and revenue streams.Р”Р„s businesses pursue global expansion, they are challenged to keep pace with a myriad of ever-evolving country-specific laws and frequently changing legal requirements from local, state, and national tax authorities.

Now, despite vast geographic distances, it is relatively simple to connect, communicate, and trade instantly with almost anyone. The steady drive of globalization and digitalization has pushed through significant headwinds-such as market protectionism, global recessions, and, most recently, a global pandemic-to change the way we live and conduct business. Over the past three decades, technology has made the world smaller. Today, we are excited to announce the general availability of tax calculation for Microsoft Dynamics 365.

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