Enhancement to VAT collection in Mexico With this release, the following enhancements are made for VAT collection in Mexico:
- We now support IMMEX authorization in VAT exemption for transactions.
- VAT reduction is updated from 16% to 8% for transactions in Mexico’s northern and southern border regions.
Enhancement to rate type and exempt buckets
With this release, the following enhancements are made to AvaTax:
- VAT/GST transactions now has two new rate types, Exempt (E) and Out of scope (O).
- The taxable amount for the transactions with rate type Exempt (E) is included in the Exempt field.
- The taxable amount for the transactions with rate type Out of scope (O) is included in the Non-Taxable field.
Enhancement to document types
With this release, the following enhancements are made to Document types:
- A new document type, Inventory Transfer Outbound Invoice is introduced to Transactions.
- Document type Inventory Transfer Invoice is renamed to Inventory Transfer Inbound Invoice.
For more information, refer to Document types.
Enhancement to AvaTax reports With this release, the following enhancements are made to the AvaTax reports:
- The Liability and tax return report is updated to allow you to create reports for all countries. You will now see an option to select ALL in the country dropdown for All taxes jurisdiction details report in the Sales and seller use tax returns filing report category.
- The Multi-tax Line Item Detail Export report is now available for all the AvaTax subscriptions. Previously, it was restricted to AvaTax for Lodging users.