Since the last localization update, we have not been idle. In this blog post we will show you what is changed and what is still to come in the near future. In addition, one subject will be highlighted, but we start with a look back on the latest localization update on this support blog.
Posts Tagged ‘legal’
Here is the newest edition of our monthly Localization update. Today we will talk about some upcoming changes for the Netherlands.
Now that you know what Localizations are all about, and you’ve read the first updates in this series, it is time for the next Localizations news update.
In this blog post we introduced the world of Localizations to you. From now on we will keep you posted about the developments within Exact with respect to Localizations.
Effective February 1, 2012, all individuals and business entities in Thailand should use a 13 digits tax identification number to replace the previous 10 digits. Although the new tax identification went live on February 1, 2012, the Revenue Department has extended the period of using the 10 digit Tax ID to January 31, 2013. The extension period is applicable for taxpayers whose withholding certificates, tax invoices, receipts and invoices have already been prepared using a 10 digits tax ID number.
As I have mentioned earlier in my blog, Exact Globe Next supports the Thailand Withholding Tax as of product update 402. Due to this legal change, all the related tax forms like the withholding certificates (P.N.D.3 and P.N.D.53) have been adjusted and enhancements have been added in this product update 405, which is generally available as of the end of October. For more information please refer to the release note.
Yes, in 2017 we will continue keeping you posted about Localizations. Today, we will discuss a feature for Belgium.
Welcome to the newest blog post in this series of Localizations news! Today we will highlight a feature we have worked on for Vietnam.
Being present internationally comes with a responsibility. A responsibility to meet legal requirements, specific product requirements and customer’s expectations. From today we will use this blog to keep you posted about Exact’s Localizations.
“Tax?”, “Localization?”, “Banking?” What comes into your mind when you think about these changes? The Localizations team!
As we have informed you earlier Exact Globe Next product update 404 is now in controlled release. As usual, we do have some fixed themes in every product update. From legal and localizations to banking and last but not least, direct feedback from our customers. All these changes have a direct impact on the customers around the world and our goal is to help them in their daily operations effectively and efficiently.
Now, let us share some of the product update 404 highlights. From the legal side, you can expect deliverables such as changes in 2012 Intrastat statistical numbers for European Union legislation, electronic Intervat reporting and fiscal fiches report (Belcotax) for Belgian legislation, Electronic Intrastat reports for UK legislation, Spesometro reports for Italian legislation, fiscal taxonomy field in the Import taxonomy screen for German legislation, and VAT Invoice for Indonesian legislation.
There are also some localization changes in the Netherlands, Germany, Spain, Portugal, Czech, Hungary, Romania, Russia, Poland, and China.
For banking, we set a lot of focus on SEPA compliant functionality. Here, we provide Dutch customers with up-to-date SEPA formats in accordance with general guidelines of SEPA Migration Plan in the Netherlands. More improvements are planned for the next product update.
Besides, we do provide some bank format changes for countries like Germany, Italy, Poland, Singapore, Malaysia, Hong Kong, Denmark, Australia, UK, Sweden, Ireland, Slovakia, Romania, Finland, Canada and Hungary.
Lastly, we always want to improve our product based on your feedback. You tell us, we do it. In this product update, we managed to deliver changes such as running stock valuation process and import/export data in silent mode or via the task scheduler, possibility to select a printer when printing quotations, sales orders and purchase orders, and many more.
To view the complete deliverables in this product update, please click here.
What’s next? To share some highlights of product update 405, as a follow up to fiscal taxonomy in Germany, we will have e-Bilanz, an uploading XBRL reporting process directly to the fiscal government’s servers.
Meanwhile in Asia, we will have among others collective invoices for Japan legislation, 2012 Thai Withholding Tax, etc. Stay tuned for more exciting changes.