Annual VAT Return

Business Value

The annual VAT return is a statutory obligation for all VAT-liable businesses in Germany. With 365 business ERiC, the annual VAT return can be calculated and submitted electronically to the German tax authorities directly from Microsoft Dynamics 365 Business Central. This reduces manual errors and saves time during the year-end process.

Feature Description

Introduced in version 17.6 of 365 business ERiC, the annual VAT return feature calculates tax identifiers automatically based on VAT entries recorded in Business Central. The calculated values can be reviewed and adjusted before submission. The annual VAT return is then transmitted directly to the German tax authorities via the ELSTER process.

For more information on calculating and submitting the annual VAT return, see the article Annual VAT Return.