OIXIO | Estonian localization package
Microsoft Dynamics 365 FO Estonian localization package is an added value package created by OIXIO Digital, which complements Microsoft’s standard solution. The package includes additional SEPA payment configurations and Estonian VAT declaration functionalities, which in the standard solution do not fully comply with Estonian legislation and customer expectations.
SEPA
The SEPA (Single Euro Payments Area) format (known as ISO 20022) is the universal bank message format on which pan-European bank-to-customer and customer-to-bank communication messages are based. The universal format allows countries to use exceptions. The standards of communication messages valid in Estonia are outlined on the bank union page.
The Dynamics 365 FO standard includes universal ISO 20022 message format configurations.
In the OIXIO Digital package, the universal configuration has been upgraded.
OIXIO Dynamics 365 FO SEPA functionality enables:
- save vendor payments in an XML file that is suitable for uploading to the online environment of Baltic banks
- to reflect receipts and other payments, import a bank account statement from the Baltic banks’ web environment as an XML file.
VAT declaration
Estonian VAT taxpayers must submit a monthly VAT return on the VAT form and its supplement on the VAT INF form, for which additional information can be found on the website of the Tax and Customs Board. In our opinion, the solution for the Estonian VAT declaration included in the Dynamics 365 FO standard is not convenient to use and is not completely ready, which is why OIXIO Digital has created additional options for it:
– collect information from VAT transactions for the preparation of the VAT return and the addendum in accordance with the valid forms and specifications,
– conveniently check and correct the collected information before submitting the declaration,
– create an XML or CSV file in the appropriate format for uploading data to the e-Tax Office with one click of a button.
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